SEC Filing Suggests XRP Could Join Bitcoin, Ethereum in New ETF Standards
A proposed rule change filed by Nasdaq Texas with the SEC could potentially pave the way for XRP to be included in a new class of exchange-traded products, alongside Bitcoin, Ethereum, Solana, and Litecoin.
The proposal, which was submitted on August 20, aims to amend Rule 5711(d) governing generic listing standards for Commodity-Based Trust Shares. According to excerpts shared by RippleXity, the filing outlines examples of how a proposed 15% buffer allowance would apply, including a scenario where a trust holds 95% of its net asset value in Bitcoin, Ether, Solana, and XRP.
The alleged unpublished documents show that the SEC published notice of the filing on September 3, with the document scheduled to appear in the Federal Register on September 9. The proposed changes would reportedly allow up to 15% of a trust's net asset value to consist of assets that don't meet standard eligibility criteria, introduce a formal definition for 'digital commodity,' and permit actively managed strategies within these products.