The Securities and Exchange Commission on October 2, 2026, made effective an Investors Exchange rule change allowing generic listings of options on trusts holding one or more crypto assets. Release No. 34-106575 also establishes position and exercise limits for options on BlackRock’s iShares Bitcoin Trust ETF, or IBIT, aligned with limits on other options exchanges. The change took effect immediately, the same day IEX’s newly approved options venue, IEX Options, was scheduled to begin trading. Under the standard, each underlying asset must have averaged at least $700 million in daily market value over the previous 12 months and underlie a derivatives contract traded on a market covered by IEX’s comprehensive surveillance-sharing arrangements. IEX will review the market-value test monthly and the surveillance condition continuously, with authority to delist options if a trust no longer qualifies. The framework adds another U.S. venue for options on spot Bitcoin and Ether funds, while the proposal remains open for public comment for 21 days after Federal Register publication.