Nasdaq Files to Expand Crypto ETF Options for BTC, ETH, SOL, and XRP

Key Insights:

• Nasdaq proposes standardized rules for options tied to qualifying Crypto ETF options.
• The framework allows up to 15% of trust holdings outside derivatives markets.
• Each digital commodity must meet a $700 million market value threshold.

Nasdaq has filed a proposed rule change with the Securities and Exchange Commission to expand how options tied to Crypto ETF products could reach the market. The proposal would establish standardized criteria for listing options on commodity-based trusts holding digital commodities.

It could cover assets such as Bitcoin, Ether, Solana, and XRP if they meet the stated requirements. The filing also introduces a 15% allowance for digital commodities that do not satisfy the derivatives-market requirement.

The proposal comes as Nasdaq continues changing its rules for digital-asset derivatives. Its latest filing would replace the term “crypto asset” with “digital commodity” and establish specific conditions for qualifying trusts. The changes would also reduce the need for a separate SEC approval process for every qualifying product.

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