SEC Reviews 85% Proposal That Could Impact Bitcoin and XRP ETF Listings
SEC notice opens comments on NYSE Arca’s 85% asset rule proposal, tightening crypto and commodity trust listing requirements.
Key Takeaways:
SEC notice seeks comment on NYSE Arca proposal requiring 85% of assets meet eligibility standards.
NYSE Arca rule would count derivatives by gross notional value, impacting crypto trust qualification calculations.
Crypto and commodity trusts may use up to 15% in non-qualifying assets while remaining compliant.
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