SEC Loosens Rules on Bitcoin Trusts in Nasdaq Texas Market
The Securities and Exchange Commission (SEC) has relaxed regulations on Bitcoin trusts in the Nasdaq Texas market. The new rules allow such trusts to allocate up to 15% of their portfolio to non-standard assets, including digital assets or derivatives that don't meet traditional requirements.
According to WoofunAI, the SEC has authorized Nasdaq Texas Market to implement these changes, giving greater investment flexibility to Bitcoin-focused investment trusts. They can now adopt active management strategies without forfeiting streamlined listing benefits.
The key aspect of this new rule is that it permits trusts to allocate up to 15% of their assets to alternative investments. This ratio is calculated based on the total notional value of derivatives, making it easy to exhaust the allowance.