SEC's New 85% Rule May Impact Leveraged XRP ETFs
The SEC is seeking public comments on a new NYSE Arca rule requiring 85% of crypto ETF assets to be in qualifying tokens, which could slow down leveraged XRP ETFs like GraniteShares' 3x Long and 3x Short XRP products. Spot XRP ETFs are unaffected, as they already meet the threshold. The rule may delay the approval of leveraged products due to their complex structures.
Tickers: $XRP
Topics: Cryptocurrency ETF Regulation SEC XRP