The US SEC has approved NYSE American's listing of multi-crypto asset commodity trust options.

Huoxun Finance reports that the U.S. Securities and Exchange Commission (SEC) has approved a rule change application to allow the listing of multi-cryptocurrency commodity trust options on the NYSE's U.S. board. Previously, the NYSE U.S. board only allowed the listing of options on single-cryptocurrency commodity trusts. This rule change expands the scope to include commodity trust options holding multiple cryptocurrencies. Listing under this rule requires meeting the following prerequisites: each crypto asset held by the trust must individually meet high liquidity standards—an average daily market value of at least $700 million over the past 12 months; and the derivatives contracts for that crypto asset must have a comprehensive surveillance-sharing agreement with the trading platform. Additionally, the trust shares must meet the trading platform's initial and ongoing listing standards for ETF options and be NMS stock. The SEC, after review, believes that this rule change will provide investors with greater exposure to crypto assets and hedging tools without requiring additional SEC approval for each transaction, thus improving market efficiency.