Opportunity
Federal Register #SR-MIAX-2026-13
SEC Notice: Proposed Rule Change for Options on Multi-Crypto Commodity Trusts
Buyer
Securities and Exchange Commission
Posted
April 16, 2026
Identifier
SR-MIAX-2026-13
NAICS
523210
This notice announces a proposed rule change by the Miami International Securities Exchange, LLC (MIAX) regarding options on Commodity-Based Trusts holding multiple crypto assets. - Government Buyer: - Securities and Exchange Commission (SEC) - Miami International Securities Exchange, LLC (MIAX) is the filing exchange - Products/Services Requested: - No products or services are being procured; this is a regulatory rule change - The rule change amends: - Exchange Rule 402 (Criteria for Underlying Securities) - Exchange Rule 403 (Withdrawal of Approval of Underlying Securities) - Establishes listing and withdrawal criteria for options on Commodity-Based Trusts holding multiple crypto assets (e.g., ETFs with multiple cryptocurrencies) - Unique or Notable Requirements: - Minimum average daily market value for each underlying crypto asset - Each asset must underlie a derivatives contract traded on a market with a comprehensive surveillance sharing agreement - Continued compliance with listing standards - Surveillance procedures and system capacity measures are in place to support new option series - The proposal is substantively identical to rules recently approved for Nasdaq ISE, LLC - No OEMs or vendors are mentioned, as this is a regulatory notice, not a procurement opportunity
Description
The Miami International Securities Exchange, LLC (MIAX) has filed a proposed rule change to amend Exchange Rule 402 and Exchange Rule 403. The amendments establish listing criteria and withdrawal standards for options on Commodity-Based Trusts that hold multiple crypto assets. The proposal aligns with similar rules recently approved for Nasdaq ISE, LLC, and aims to allow listing and trading of options on ETFs holding multiple crypto assets, subject to specific market value and surveillance requirements. The Exchange also outlines surveillance and system capacity measures to support these new option series.