NYSE Arca Gets Green Light to List Multi-Crypto Trust Options

The US Securities and Exchange Commission (SEC) has made a significant move in the cryptocurrency space by approving NYSE Arca's rule change allowing it to list options on commodity-based trusts holding multiple cryptocurrencies.

To be eligible, each crypto asset 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.

This approval provides investors with new ways to gain or hedge exposure to baskets of cryptocurrencies while maintaining safeguards against manipulation. The listing requirements for these multi-crypto trusts are similar to those for traditional ETF options, including rules on trading volume, position limits, and margin.