SEC Names XRP With Bitcoin and Ether as a Hidden 15% Crypto ETF Rule Lands
The SEC approved Nasdaq Texas Rule 5711(d) changes, listing Bitcoin, Ether, Solana, and XRP as examples of digital assets meeting commodity-based trust standards. The rule allows crypto ETFs to allocate 15% to other digital assets or securities, expanding product design flexibility. XRP's price fell 4% despite institutional demand, with Goldman Sachs holding $87.4 million in XRP ETFs. The SEC's decision may impact future crypto ETF structures.
How this was made
The 30-second read
Why it matters
The rule expands design space for multi‑asset crypto ETFs, potentially increasing institutional inflows into XRP‑linked products.
Market read
Regulatory endorsement of XRP may lift sentiment for crypto ETFs, while broader market risk remains elevated.
What to watch
Potential pushback from other regulators or future rule revisions could limit the 15% flexibility.
Background
SEC modifies Nasdaq Texas Rule 5711(d) to allow up to 15% of a crypto trust to hold non‑qualifying digital assets, citing Bitcoin, Ether, Solana and XRP.
Ticker impact
SEC approves rule change citing XRP as a qualifying digital commodity, signaling regulatory support and potential ETF flexibility.
Potential short‑term upside if ETF inflows accelerate; price could test resistance around $1.50.
Regulatory endorsement is new, but broader macro risk and rising yields keep price pressure; impact depends on ETF product launches.
Market effects
May encourage other crypto asset managers to design diversified commodity‑based trusts.
U.S. crypto market sees clearer regulatory path, supporting domestic ETF activity.
Sets a precedent that could influence other jurisdictions' treatment of digital commodities.
Counterpoint
Regulatory clarity may be overstated; ETF structures still face liquidity and custody challenges.
Key entities
- regulatorSEC
U.S. Securities and Exchange Commission issuing the rule change.
- institutional investorGoldman Sachs
Largest disclosed holder of an XRP ETF with $87.4 million.
