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The U.S. SEC has issued a document seeking public comments on a rule change application submitted by NYSE Arca.
The proposal aims to modify the general listing standards for commodity-based trust shares, requiring that at least 85% of the net assets of the relevant products consist of assets that meet existing qualification standards, with the remaining up to 15% potentially being commodities, commodity-based assets, or securities that do not individually meet the qualification standards.
The SEC document cites an example stating that if a trust holds qualified digital assets such as BTC, ETH, SOL, XRP, and other qualified digital asset commodities, along with a small amount of other digital asset commodities that do not meet the standards, as long as the proportion of qualified assets reaches the proposed threshold, it can still meet the listing standards.
This rule could impact the future listing structure design of crypto and commodity trust products, but it is currently still in the public comment stage and has not yet been approved.