NYSE Arca Moves to Add XRP to Eligible Assets for Commodity Trust Listings

NYSE Arca has filed a proposed rule change that would explicitly include XRP among assets eligible for commodity trust products, according to CoinDesk. The exchange is seeking to amend Rule 8.201E, which sets general listing standards for such vehicles. Under the proposal, NYSE Arca cites XRP alongside Bitcoin and Ethereum as examples of assets that could qualify. The framework would require that at least 85% of a crypto trust's net asset value be invested in approved assets that meet existing regulatory and listing standards, while allowing up to 15% to consist of holdings outside the approved categories. The U.S. Securities and Exchange Commission has opened the filing for public comment and will issue a decision after the review period. While the document references XRP as an eligible asset, it stops short of formally designating it as a commodity. XRP's inclusion draws attention given its place in long-running U.S. classification debates. A New York court ruled in 2023 that XRP is not a security in certain contexts, though discussion continues over whether it should be treated as a commodity, even after classification guidance involving the SEC and the Commodity Futures Trading Commission (CFTC). Industry participants have argued that only clear, Congress-backed legislation could definitively reduce regulatory uncertainty and limit future policy reversals.