XRP Traders Watch SEC Proposal for Big Impact
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Under the current rules, every asset in a specific trust must independently clear the SEC's eligibility bar.
The U.S. Securities and Exchange Commission (SEC) proposed a rule change yesterday that would make it much easier to list crypto investment products that hold XRP alongside Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The filing formally names XRP as an eligible commodity under a new 85/15 framework, which would let multi-asset crypto trusts gain listed status without an exchange having to seek individual SEC approval for each product.
What the Filing Actually Says
The proposal is targeting Rule 8.201-E, which governs how commodity-based trust shares get listed on NYSE Arca. Right now, every asset in one of these trusts must independently meet specific eligibility criteria.
The new rule would drop that requirement. Instead, a trust would only need at least 85% of its net asset value in qualifying assets, with the remaining 15% free to hold assets that would not otherwise clear the bar.
Bitcoin, Ethereum, Solana, and XRP are each explicitly named in the filing as assets that already qualify. All four meet the criteria on two counts: each one underlies a futures contract that has been trading on a regulated market for at least six months, and there is an ETF providing at least 40% economic exposure to each.
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