SEC Greenlights New ETF Standards With XRP as Eligible Commodity
Nasdaq Texas filed a proposed rule change with the SEC on August 20 to amend Rule 5711(d), governing generic listing standards for Commodity-Based Trust Shares. The alleged unpublished documents show that the SEC published notice of the filing, with an order granting accelerated approval, on September 3.
The new listing standards would explicitly name XRP alongside Bitcoin, Ethereum, Solana, and Litecoin as eligible commodities for a new class of exchange-traded products.
According to excerpts shared by RippleXity, the proposed changes would 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.
The claims originate from RippleXity, a self-described independent news platform built on the XRP Ledger, which states it is not affiliated with Ripple or Ripple Labs Inc.