SEC approves Nasdaq Texas rule change (Release No. 34-106268) naming XRP alongside Bitcoin, Ether and Solana for commodity-based trust shares
AI Market Summary
The SEC's approval of Nasdaq Texas' rule change (Release No. 34-106268) explicitly includes XRP alongside BTC, ETH, and SOL as eligible "commodity-based" assets for Commodity-Based Trust Shares. This strengthens regulatory clarity around XRP's status in ETF listing standards, potentially lowering friction for future trust/ETF product structuring and improving institutional comfort with XRP-linked vehicles in the near term.
Impact level
● High
Affected assets
XRP/USDT+0.31%
AI Insight · XRP/USDTAI Insight
▲ Bullish
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The U.S. Securities and Exchange Commission approved a Nasdaq Texas rule change (Release No. 34-106268) that lists XRP alongside Bitcoin, Ether and Solana as eligible commodities for Commodity-Based Trust Shares, according to the filing. The decision gives XRP explicit recognition within ETF listing standards. It establishes a “big four” lineup of compliant crypto assets and clears a path for related trust products to be launched.
