PANews reported on February 19 that according to The Block, the U.S. Securities and Exchange Commission (SEC) is soliciting public opinions to decide whether it should approve options trading on three spot Ethereum ETFs.

According to a regulatory filing released on Tuesday, the SEC has sought comments on whether to allow Cboe Exchange, Inc. to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The public can submit comments within 21 days of publication in the Federal Register. After that, the SEC may decide to approve, disapprove, or "initiate relevant proceedings."

The agency has not approved options trading on spot Ethereum ETFs. In May 2024, the SEC approved several spot Ethereum ETFs, and companies have been vying for permission to trade options since then. The SEC also approved spot Bitcoin ETFs more than a year ago and allowed options trading on these products in late 2024.