NYSE Arca Seeks to Add XRP to Eligible Assets for Crypto Commodity Trusts

NYSE Arca has filed a proposed rule change to expand the assets that can qualify under the exchange's updated standards for Commodity-Based Trusts, explicitly naming XRP. The filing, submitted yesterday, would amend Rule 8.201E, which sets generic listing standards for these products. Under the proposal, NYSE Arca cites XRP, Bitcoin, Solana, and Ethereum as examples of assets that could be eligible for commodity-based crypto trusts. A key requirement is that at least 85% of a trust's net asset value (NAV) must be invested in approved assets that already satisfy existing surveillance and listing criteria. Up to 15% of holdings could fall outside the approved category without disqualifying the product. The U.S. Securities and Exchange Commission has opened the filing for public comment before deciding whether to approve the change. NYSE Arca said the update is intended to give issuers more flexibility while preserving investor protections tied to surveillance-sharing arrangements and regulated market oversight. While XRP is referenced as a qualifying example, the filing does not formally label it a commodity. The mention is notable amid ongoing U.S. regulatory debate: a New York court ruled in 2023 that XRP is not a security in certain contexts, and market participants continue to argue over whether it should be treated as a commodity. The debate has persisted even as the SEC and CFTC have pointed to taxonomies that describe the token as a digital commodity alongside Bitcoin and Ethereum. Industry stakeholders say only clear, congressionally backed legislation such as the Clarity Act would fully address remaining uncertainty and reduce the risk of future policy reversals. Disclaimer: This content is informational and not financial advice. The views expressed may reflect the author's opinions and do not represent The Crypto Basic's position. Readers should conduct their own research before making investment decisions. The Crypto Basic is not responsible for financial losses.