SEC clears NYSE Arca to list multi-crypto trust options

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The US Securities and Exchange Commission (SEC) has approved a rule change allowing NYSE Arca to list options on commodity-based trusts that hold multiple crypto assets.

Under the new rules, each crypto in the trust must meet a minimum average daily market value of $700 million over the past 12 months and be linked to derivatives trading on a market with which NYSE Arca has a surveillance-sharing agreement.

Options on these multi-crypto trusts will follow the same listing and trading requirements as traditional ETF options, including rules on trading volume, position limits, and margin.

NYSE Arca may suspend trading if any underlying crypto no longer meets the criteria. The approval provides investors with new ways to gain or hedge exposure to baskets of cryptocurrencies while maintaining safeguards against manipulation.

The change expands on existing rules that previously only applied to trusts holding a single crypto asset.

                    **Disclosure:** This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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