The Securities and Exchange Commission published an IEX rule-change notice on October 2 setting out listing and withdrawal criteria for options on crypto-backed commodity trusts. The filing also addresses position and exercise limits for options on the iShares Bitcoin Trust ETF, or IBIT, ahead of IEX Options' planned rollout.
The SEC notice, release 34-106575, covers trusts holding either a single crypto asset or multiple crypto assets. IEX submitted the filing on September 22. The SEC describes it as a notice of filing and immediate effectiveness, with the exchange designating the change as noncontroversial.
That scope matters: the instruments are options on trust shares, rather than a new venue for buying the underlying coins directly. The notice concerns exchange listing rules and contract limits. It should not be read as a blanket approval of every cryptocurrency or as confirmation that every eligible contract is already trading.
IEX's trading resources list October 2 as the tentative first tranche of its symbol rollout, followed by additional tranches during October. The same page provides separate reference files for product classes and individual options instruments. Those records, rather than the broad launch schedule alone, are the relevant place to check a particular contract's availability.
The exchange describes its options market as using customer priority and pro-rata allocation. It also describes an optional quote-risk tool for market makers. These are venue design features; they do not establish the liquidity or trading volume of a particular crypto-linked option.
The SEC's rulemaking register invites comments on this filing within 21 days of its publication in the Federal Register. The verified development is the new public rule-change notice, with contract-level rollout still a separate question. Separately, an explanation of the SEC's 3x Bitcoin and Ether listing decision covers daily leveraged fund exposure, a different instrument from these options.