Exchanges Approve Options on Multi-Crypto Asset Trusts
Published Date: 6/3/2026
Notice
Summary
The Miami International Securities Exchange and its siblings just got the green light to list options on trusts holding multiple crypto assets, not just one. This means more variety and new trading chances for investors starting now, with no extra fees announced. It’s a big step for crypto options, making the market more exciting and flexible!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
New Options on Multi‑Crypto Trusts
The SEC approved on May 29, 2026 the Exchanges' rules to allow listing and trading of options on Commodity-Based Trust shares that hold multiple crypto assets. The Exchanges may list these options without additional SEC approval, which lets options become available soon after the underlying trust shares list.
$700M Threshold for Each Crypto Asset
Each crypto asset held by a Commodity-Based Trust must have an average daily market value of at least $700,000,000 over the last 12 months and must underlie a derivatives contract that trades on a market with which the Exchange has a comprehensive surveillance sharing agreement. The Exchanges calculate market value by multiplying total global supply by the token price and apply these criteria to every crypto asset in the trust.
Monthly Suspension If Assets Fall Below Criteria
The Exchanges may suspend opening transactions in options on a Commodity-Based Trust if any crypto asset in the trust no longer meets the $700,000,000 average daily market value over the last 12 months or no longer underlies a derivatives contract traded on a market with a surveillance sharing agreement; the Exchange determines this on a monthly basis. The rule gives an explicit monthly review standard for suspensions.
ETF‑Style Rules and Surveillance Apply
Options on these Commodity-Based Trust shares will trade under the Exchanges' existing ETF options rules, including listing standards, expirations, exercise prices, minimum increments, position and exercise limits, margin requirements, customer account rules, and trading halt procedures. The Exchanges also state existing surveillance and reporting safeguards will apply and that each crypto asset must underlie a derivatives contract on a market with which the Exchange has a surveillance sharing agreement.
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