Original sourceCoinalertnews
Summary
The SEC approved Nasdaq Texas rule 5711(d) amendments, formally recognizing Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP as eligible digital assets for commodity-based trusts. The new rules allow up to 15% of portfolio allocation to other digital assets or securities that don't meet listing…
Key points
- Shows traditional finance's growing acceptance of major crypto assets and opens product space for actively managed crypto ETFs.
- SEC introduces flexible investment space for crypto ETFs, potentially directing more capital into compliant crypto products.
- Issuers can design more flexible crypto ETFs, giving investors more choices, reflecting institutional adoption trends.
Editorial note
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