SEC Clears Texas Rules for Crypto Commodities, Allowing Up to 15% Non-Qualifying Assets

The US Securities and Exchange Commission (SEC) has approved a rule change for Nasdaq Texas, allowing it to list commodity-based trust shares that include digital commodities. The approval came in the form of US SEC Order No. 34-106268, which granted accelerated approval for Nasdaq Texas, LLC.

Under the new rules, funds may hold up to 15% of their net asset value (NAV) in non-qualifying assets, with at least 85% remaining invested in core assets meeting the applicable listing standards. This allowance can include alternative digital commodities or other assets outside the qualifying core.

The rule change also removes the strict passive-management requirement previously applied to these products, allowing for actively managed commodity-based trust shares to qualify for listing under the revised exchange framework.