SEC Proposes 85% Asset Eligibility Threshold for Crypto ETF Listings
The SEC has initiated a public comment period on an 85-item proposal by NYSE Arca that would require at least 85% of a trust's net asset value to be held in eligible assets, potentially affecting Bitcoin and XRP ETF listings. The rule change aims to improve market surveillance and deter manipulation, but may narrow the pipeline for new crypto products. The proposal could impact how trusts qualify for exchange approval.
Tickers: $XRP
Topics: Bitcoin ETF Crypto Asset Eligibility NYSE Arca Rule Change SEC Regulation XRP ETF