Federal Register #SR-MEMX-2026-13

MEMX LLC Rule Change for Listing Options on Multi-Asset Crypto Commodity Trusts

This opportunity involves a proposed rule change by MEMX LLC, published by the Securities and Exchange Commission (SEC), to establish listing criteria for options on Commodity-Based Trusts holding multiple crypto assets. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - MEMX LLC (self-regulatory organization proposing the rule change) - Products/Services Requested: - No products or services are being procured; this is a regulatory notice - Notable Requirements: - The rule change would allow options to be listed on trusts holding multiple crypto assets, provided each asset: - Has an average daily market value of at least $700 million over the past 12 months - Underlies a derivatives contract traded on a market with which MEMX has a comprehensive surveillance sharing agreement - Ongoing compliance and surveillance requirements are introduced to ensure continued eligibility and market integrity - No specific products, part numbers, or purchase quantities are requested; this is not a procurement opportunity

Description

MEMX LLC filed a proposed rule change with the Securities and Exchange Commission to amend Rules 19.3 and 19.4. The amendments aim to establish listing criteria and withdrawal standards for options on Commodity-Based Trusts that hold multiple crypto assets. The proposal expands the criteria to allow options on trusts holding multiple crypto assets, each meeting specific market value and derivatives trading requirements. The rule change also includes provisions for ongoing compliance and surveillance to ensure market integrity.

View original listing