U.S. SEC approves listing of multi-cryptocurrency asset commodity trust options on NYSE American

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Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) has approved rule change applications for NYSE American (NYSE American listing) to list options on additional crypto commodity trust products. Previously, options were only allowed for commodity trusts holding a single crypto asset; now, the scope has been expanded to support options on commodity trusts holding multiple crypto assets. The listing prerequisites include: each crypto asset held by the trust must separately meet the high-liquidity standards, with an average daily market value of at least $700 million over the past 12 months; and the derivative contracts for that crypto asset must be subject to a comprehensive surveillance-sharing agreement with the trading platform. In addition, trust shares must meet the exchange platform’s initial and continued listing standards for ETF options and must be NMS stocks.

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