CryptoSlate reports SEC-approved Nasdaq Texas rules give qualifying commodity trusts a 15% allowance outside generic listing tests
Derivatives count by gross notional exposure under the rules, so options can quickly use up that 15% allowance, CryptoSlate says.
TLDR
CryptoSlate reports that SEC-approved Nasdaq Texas rules give qualifying commodity trusts a 15% allowance for assets that fall outside generic listing tests. The outlet says the rules could give Bitcoin products more flexibility over assets and derivatives. But derivatives count by gross notional exposure, CryptoSlate says, so options can use up that room quickly.
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