The U.S. SEC seeks public comments on amending listing standards for commodity-based trusts

CryptoWorld News reports that the U.S. Securities and Exchange Commission (SEC) has issued a document seeking public comment on a rules amendment application submitted for the New York Stock Exchange (NYSE Arca). The proposal would revise the general listing standards for commodity-based trust share products, requiring that at least 85% of the net assets of the relevant products be made up of assets that meet existing eligibility standards, while the remaining up to 15% may consist of commodities, commodity-based assets, or securities that do not individually meet the eligibility standards. In its filing, the SEC gives an example stating that if a trust holds qualified digital-asset commodities such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP), as well as a small amount of other digital-asset commodities that do not meet the eligibility standards, it can still satisfy the listing standards as long as the proportion of qualified assets reaches the proposed threshold. This rule may affect the future listing structure design of crypto and commodity trust products, but it is still at the public-comment stage and has not yet been approved.