SEC Reviews 85% Proposal That Could Impact Bitcoin
SEC Reviews 85% Proposal That Could Impact Bitcoin and XRP ETF
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.
SEC Notice Opens Comment Period on 85% Asset Rule Proposal
A Securities and Exchange Commission (SEC) notice published April 27, 2026, outlines a proposed rule change from NYSE Arca that could reshape how crypto and commodity investment products qualify for exchange listing. The SEC is seeking public comments on whether the proposal is consistent with the Securities Exchange Act. The filing introduces an 85% asset threshold that would limit exposure to holdings outside existing eligibility standards. The proposal highlights a shift toward tighter portfolio requirements for future trust listings.
NYSE Arca is seeking to revise Rule 8.201-E, the generic listing framework for commodity-based trust shares. Under the proposed change, at least 85% of a trust’s net asset value would need to be held in assets already allowed by the rule. Those assets may include qualifying commodities, commodity-based assets, securities, cash, and cash equivalents. The remaining 15% could include other assets that do not independently meet the rule’s eligibility criteria, as long as the trust otherwise remains compliant. The filing states:
Tüm Yorumlar0En yeniPopüler