Nasdaq ISE seeks SEC approval to broaden crypto ETF options framework to BTC, ETH, SOL and XRP
AI Market Summary
Nasdaq ISE filed an SEC rule change to standardize listing criteria for options on crypto ETF trusts holding "digital commodities", potentially covering BTC, ETH, SOL, and XRP. The framework requires 85% of NAV in assets underlying surveilled derivatives markets, while allowing a 15% buffer for non-qualifying holdings, plus a $700m average daily global market value threshold. If approved, it could broaden access and liquidity for crypto ETF options.
Impact level
● High
Affected assets
BTC/USDT-0.28%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Nasdaq ISE has filed a proposed rule change with the SEC (File Number SR-ISE-2026-42) to expand a standardized framework for options on crypto ETF-related trusts to cover BTC, ETH, SOL and XRP. The proposal would require at least 85% of a trust’s net asset value to be made up of holdings that underlie derivatives contracts, while allowing up to 15% in digital commodities that do not meet derivatives-market requirements. It also sets a liquidity threshold, requiring each digital commodity to have an average daily global market value of at least $700 million over the prior 12 months. The framework outlines a pathway for more major crypto assets to enter the ETF options market.
