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.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-14857, Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Connectivity Fee Schedule
NYSE Arca is updating its connectivity fee schedule to include a new data feed called MX2 Options. This change affects users who connect to third-party market data at the Mahwah data center and may impact their fees starting immediately. If you use these services, keep an eye on your connection options and costs!
2026-14860, Self-Regulatory Organizations; CME Securities Clearing Inc.; Order Approving Proposed Rule Change To Support Members' Risk Management of and Enhance Their Ability To Authorize Persons as Users
CME Securities Clearing is updating its rules to help members better manage risks and control who can act on their behalf. These changes make it easier to handle problem users and speed up closing out their positions if needed. The updates start soon and aim to keep the market safer without extra costs for members.
Previous / Next Documents
Previous: 2026-11030, Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Seventh Amended and Restated Certificate of Incorporation of Intercontinental Exchange, Inc.
NYSE Texas is updating the official rules for Intercontinental Exchange (ICE) to include new regulations about special trading platforms called security-based swap execution facilities (SBSEFs). These changes are mostly technical and won’t cost anyone extra or change how the company is formed. The update took effect right after filing on May 20, 2026, so ICE is ready to roll with the new rules now!
Next: 2026-11032, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Update Rule 11.26(a)
Cboe BZX Exchange is updating its rule to include a new stock exchange, Texas Stock Exchange (TXSE), in its data sources for handling and routing orders. This change kicks in between July 2 and July 17, 2026, and helps keep trading info clear and up-to-date. Traders and members will see no extra costs, just smoother, more transparent trading.