Federal Register #SR-CboeBZX-2026-082

Cboe BZX proposal to expand options listing standards for multi-asset crypto trusts and qualifying funds

This SEC notice concerns a Cboe BZX Exchange, Inc. proposal to expand options listing standards; it is not a procurement opportunity. - Government agency: Securities and Exchange Commission (SEC). - Organization named: Cboe BZX Exchange, Inc., which filed the proposed rule change; it is an exchange, not an OEM or procurement vendor. - Proposal: Establish generic initial and continued listing standards for options on commodity-based trusts holding multiple crypto assets. Each underlying asset would need an average daily market value of at least $700 million over the preceding 12 months and an associated derivatives contract traded on a market meeting the specified surveillance-sharing conditions. - Additional eligible funds: The proposal would also permit options on qualifying Rule 6c-11 exchange-traded funds, portfolio depositary receipts, and index fund shares. - Procurement scope: No products, services, quantities, or part numbers are requested. No procurement contract value or performance period applies.

Description

Cboe BZX Exchange, Inc. proposes amendments to Rules 19.3 and 19.4 concerning options listing criteria. The proposal establishes generic initial and continued listing standards for options on commodity-based trusts holding multiple crypto assets, including criteria relating to asset market value and surveillance agreements. It also permits listing options on exchange-traded funds defined under Rule 6c-11, portfolio depositary receipts, and index fund shares, with related conforming amendments. The notice invites comments on the proposed rule change.

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