Federal Register #SR-NYSEAMER-2025-74

SEC Review of NYSE American LLC Proposal to List Options on Grayscale CoinDesk Crypto 5 ETF

This SEC notice addresses a proposed rule change by NYSE American LLC regarding the listing and trading of options on the Grayscale CoinDesk Crypto 5 ETF (GDLC): - The SEC is reviewing whether to approve or disapprove the proposal to list physically settled, American-style options on the GDLC ETF - The Grayscale CoinDesk Crypto 5 ETF is composed of five major digital assets: Bitcoin, Ether, XRP, Solana, and Cardano - The proposal includes: - Position and exercise limits for options contracts - Surveillance and reporting procedures to prevent market manipulation - Investor protection measures in line with the Securities Exchange Act - The SEC is soliciting public comments on the proposal's consistency with securities laws - No procurement of products or services is involved; this is a regulatory proceeding, not a purchasing action - OEMs/Entities mentioned: NYSE American LLC (exchange), Grayscale (ETF sponsor) - No specific products, part numbers, or quantities are requested

Description

The Securities and Exchange Commission (SEC) has instituted proceedings to determine whether to approve or disapprove a proposed rule change by NYSE American LLC to list and trade options on the Grayscale CoinDesk Crypto 5 ETF (GDLC). The proposal includes physically settled American-style options subject to position and exercise limits, with surveillance procedures to deter manipulative behavior. The SEC is seeking public comments on the proposal's consistency with securities laws, particularly regarding investor protection and prevention of fraud.

View original listing