SEC Gives Commodity Status to Bitcoin, Ether, Solana, and XRP

The US Securities and Exchange Commission (SEC) has granted approval to Nasdaq Texas for its rule change on commodity-based trust shares. The order adds a formal definition of digital commodities, which includes Bitcoin, Ether, Solana, and XRP as meeting the required criteria.

The SEC's decision allows listed crypto trusts to hold up to 15% of their net asset value in non-qualifying assets. This change also removes the strict passive-management requirement for actively managed commodity-based trust shares, enabling them to qualify for listing under the revised exchange framework.

The approval follows joint SEC-CFTC interpretive guidance that treated Bitcoin, Ether, Solana, and XRP as crypto commodities. The Nasdaq Texas order operates separately from the legislative process on the CLARITY Act, which proposes a broader regulatory framework for digital assets.