ChainCatcher report, according to Bitcoin.com, the U.S. Securities and Exchange Commission (SEC) has issued a notice seeking public comment on a rule change proposed by NYSE Arca. The proposal requires that at least 85% of the assets in a commodity trust must meet existing eligibility criteria, with derivatives calculated by notional value. Eligible assets include Bitcoin, Ethereum, Solana, and XRP—cryptocurrencies that have traded futures on designated markets for at least six months and offer significant exposure through exchange-traded products—while NFTs and collectibles are explicitly excluded. If a trust holds Bitcoin and over-the-counter call options on Bitcoin ETFs, only approximately 71% of its exposure would qualify, rendering it non-compliant. The proposal aims to allow more products to be listed while limiting the majority of exposure to assets that are readily monitorable. The SEC may approve, disapprove, or initiate related proceedings during the review period.
The U.S. SEC Seeks Public Comments on NYSE Arca’s 85% Asset Rule Proposal for ETF Listings
ChaincatcherShare
Summary
SEC news indicates that the U.S. Securities and Exchange Commission has issued a notice seeking public comments on NYSE Arca’s proposed 85% asset rule for ETF listings. The rule would require commodity trust shares to allocate 85% of their assets to eligible assets, including Bitcoin, Ethereum, Solana, and XRP. Derivatives would be counted based on notional value. NFTs and collectibles are excluded. Trusts holding Bitcoin and over-the-counter call options on Bitcoin ETFs would be permitted to meet only 71% of their exposure requirement. The proposal aims to expand listing opportunities while ensuring exposure remains within monitorable assets. On-chain news highlights ongoing regulatory developments impacting crypto products, with the SEC potentially approving, rejecting, or requesting additional information during its review.
Source:Show original
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.