US SEC seeks comment on NYSE Arca proposal for 85% eligible-asset rule in crypto ETF listings
The Block
The SEC is seeking public comment on a proposed NYSE Arca rule allowing crypto ETFs to hold 15% of assets in non-qualifying investments.Summary
The U.S. Securities and Exchange Commission is soliciting public feedback on a proposed NYSE Arca rule change concerning commodity-based trust shares. The proposal would permit crypto ETFs to hold up to 15% of their net asset value in assets that do not meet standard eligibility criteria, provided 85% of the portfolio adheres to existing listing rules. This initiative aims to increase flexibility in product design while maintaining oversight, and it reflects the SEC's recent shift toward standardized regulatory frameworks under the leadership of Paul Atkins.
(Source：The Block)