NYSE Arca introduced new proposed rules that explicitly include: $XRP It is among the assets that may qualify under the updated standards for commodity-based trusts.
The exchange yesterday submitted a proposal to amend Rule 8.201-E, which governs generic listing standards for such products.
Important points
- NYSE Arca identified $XRPExamples of assets that may be eligible for commodity-based trust products include Bitcoin and Ethereum.
- The proposal states that portfolios containing up to 85% of approved assets would meet the new eligibility requirements.
- The SEC opened a request for public comment before making a final decision.
- Although mentioned in the proposal, $XRPis not officially classified as a product.
$XRP Selected as an eligible asset for a commodity trust
This proposal is currently under consideration by the US SEC and is seeking public comment before a final decision is made. Specifically, the proposal requires that at least 85% of a cryptocurrency trust’s net asset value (NAV) be comprised of approved assets that already meet existing monitoring and listing requirements.
In particular, the highlights of the submitted documents are: $XRP Examples of eligible assets include Bitcoin, Solana, and Ethereum. Additionally, clarify portfolio thresholds. Trust holding $XRP Even if up to 15% of your holdings do not fall into the approved categories, other eligible assets may still meet the criteria.
According to the exchange, the rules are intended to provide additional flexibility to crypto product issuers while maintaining investor protections associated with supervisory sharing agreements and regulated market oversight.
$XRP Product name is not specified on NYSE Arca Filing
Although cited in the submitted documents, $XRP As an example, it does not formally classify an asset as a commodity. nevertheless, $XRPThe inclusion of is notable given its long-standing role in US regulatory discussions.
In 2023, a New York court held that: $XRP Despite being a non-security, legal experts continue to debate whether it qualifies as a commodity. This continued even after the SEC and CFTC issued a joint taxonomy classifying the token as a digital commodity alongside Bitcoin and Ethereum.
But despite these advances, industry participants argue that only clear legislation supported by Congress, like the Clarity Act, can fully resolve regulatory uncertainty and prevent future policy reversals.
