SEC Makes Cboe BZX Framework Operative for Multi-Crypto Options
Photo: TokenPost
The Securities and Exchange Commission has made operative a Cboe BZX Exchange rule change establishing a standing framework for evaluating options on commodity-based trusts that hold multiple crypto assets. The rules require each asset in a qualifying trust to have an average daily market value of at least $700 million over the previous 12 months. The threshold applies separately to each asset rather than to the trust’s combined holdings. Each underlying asset also must support a derivatives contract traded on a market covered by a comprehensive surveillance-sharing agreement with Cboe BZX Exchange.
Source: TokenPost
