SEC Approves NYSE American Listing of Multi-Crypto Asset Commodity Trust Options

BlockBeats News, April 2 — The U.S. Securities and Exchange Commission (SEC) announced the approval of a rule change application for listing multi-crypto asset commodity trust options on NYSE American. Previously, only options for single crypto asset commodity trusts were allowed, but this has now been expanded to support options for commodity trusts holding multiple crypto assets. The prerequisites for listing are as follows: - Each crypto asset held by the trust must individually meet high liquidity standards — an average daily market value of at least $700 million over the past 12 months, and derivative contracts for the crypto asset must be traded on platforms with comprehensive surveillance-sharing agreements. - Trust shares must comply with the initial and ongoing listing standards for ETF options on the trading platform and must qualify as NMS stocks. After review, the SEC concluded that this rule change would provide investors with broader exposure to crypto asset investments and hedging tools, without requiring separate SEC approval for each instance, thereby improving market efficiency.