The US SEC is seeking public opinion on the proposal regarding the 85% asset rule for the NYSE Arca, which may affect the listing structure of cryptocurrency ETFs
According to btc-42">Bitcoin.com, the U.S. Securities and Exchange Commission (SEC) has issued a notice seeking public comment on the rule change proposed by the NYSE Arca.
The proposal requires that at least 85% of the assets in commodity trust shares must meet existing eligibility standards, with derivatives calculated based on nominal total value. Eligible assets include Bitcoin, Ethereum, Solana, and XRP, which have been traded on designated markets for at least six months and have exchange-traded products providing significant exposure, while NFTs and collectibles are explicitly excluded.
If the trust holds Bitcoin and over-the-counter call options on Bitcoin ETFs, only about 71% of the exposure will meet the requirements and will not be approved. The proposal aims to limit most exposure to a manageable range of assets while allowing more products to be listed. The SEC can approve, reject, or initiate related procedures during the review period.
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