Summary
The SEC approved Nasdaq Texas Rule 5711(d), adding a 'digital commodity' definition and naming Bitcoin, Ethereum, Solana, and XRP as eligible crypto commodities. This allows actively managed crypto ETFs to hold up to 15% of net assets in tokens not meeting general listing standards. It shortens ETF…
Key points
- Understanding US regulatory opening for crypto ETPs directly impacts investors and issuers.
- This paves the way for ETF products for SOL and XRP, expanding institutional participation.
- Faster crypto ETP listings could drive more actively managed funds and diversified crypto portfolios.
Editorial note
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