The US SEC has approved NYSE Arca's listing of multi-crypto asset trust options.

CoinFeed reported on April 2nd that, according to Crypto Briefing, the U.S. Securities and Exchange Commission (SEC) has approved the listing of multi-crypto asset trust options on the New York Stock Exchange's Arca platform. Under the new rules, each crypto asset in the trust must have an average daily market capitalization of at least $700 million over the past 12 months and be linked to a derivatives market with which NYSE Arca has a regulatory-sharing agreement. Multi-crypto asset trust options will follow the same listing and trading requirements as traditional ETF options, including trading volume, position limits, and margin rules. NYSE Arca can suspend trading if any underlying crypto asset no longer meets the requirements. This approval provides investors with a new way to invest or hedge through a basket of crypto assets while retaining regulatory safeguards against manipulation.