SEC's approval extends to multiple other Ether ETF products including those from Bitwise, two Grayscale trusts, and Fidelity's Ethereum Fund

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The options apply specifically to ETHA, meaning that BlackRock’s product is the only spot ether ETF that options can be traded on.

The SEC issued the approval on April 9 after reviewing a proposed rule change submitted by BlackRock for its iShares Ethereum Trust (ETHA) on July 22, 2024. Similar approvals were granted to Bitwise Ethereum ETF $1.15 , Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini Trust (ETH), as well as Fidelity Ethereum Fund (FETH).