Rumored SEC document may list XRP as an eligible digital commodity for new ETFs

icon币界网
Share
AI summary iconSummary
SEC news emerged after a leaked document suggested the U.S. Securities and Exchange Commission may propose new ETP listing standards, potentially including XRP as an eligible digital asset alongside BTC, ETH, SOL, and LTC. Shared by RippleXity, the unverified document hints at revised definitions for digital commodities and active management strategies, with non-standard assets capped at 15% of net asset value. The authenticity of the document and XRP’s inclusion remain unconfirmed.
CoinDesk reports:

An excerpt from a document circulating on social media suggests that the U.S. Securities and Exchange Commission (SEC) is planning to establish listing standards for a new category of exchange-traded products, potentially classifying XRP alongside Bitcoin, Ethereum, Solana, and Litecoin as eligible digital commodities. However, this document has not yet been independently verified by mainstream media.

Message from an independent account

The earliest disclosure of related information came from the crypto news account RippleXity. The account describes itself as an independent community news platform built on the XRP Ledger and explicitly states it has no affiliation with Ripple or Ripple Labs.

Current information indicates that the leaked documents are described as part of a proposed SEC rule, but public reports have not yet confirmed the original documents, submission pathways, or their authenticity. This means that whether XRP has been formally included in the standards remains unverified.

Involves adjustment of ETF asset scope

According to the leaked information, this new standard may define the term "digital goods" and provide a clearer regulatory framework for a new category of exchange-traded products.

  • XRP is listed alongside BTC, ETH, SOL, and LTC
  • The non-standard asset allocation limit is reportedly 15% of net asset value.
  • The product strategy is said to include active management.

The market is paying attention to changes in the SEC's stance.

If the relevant information is ultimately confirmed, market attention will focus on whether the SEC has begun to more clearly define the commodity status of certain crypto assets, and whether this will impact the design of future ETF products.

The attention surrounding the claim that XRP is classified as a qualified commodity stems primarily from its potential impact on its regulatory pathway in the U.S. market. However, based on currently available public information, there is still a lack of official documentation and broader authoritative sources to support these developments.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.