
PANews April 28 news, according to Bitcoin.com, the U.S. Securities and Exchange Commission (SEC) has issued a notice soliciting public comments on the rule change proposed by the NYSE Arca. The proposal requires that at least 85% of the assets in commodity trust shares must meet existing qualification standards, with derivatives calculated based on notional total value. Qualified assets include Bitcoin, Ethereum, Solana, and XRP, which have been traded in designated markets for at least six months and have exchange-traded products providing significant exposure, while NFTs and collectibles are explicitly excluded. If the trust holds Bitcoin and over-the-counter call options on Bitcoin ETFs, only about 71% of the exposure will meet the requirements and will not be approved. The proposal aims to limit most exposure to a manageable range of monitorable assets while allowing more products to be launched. The SEC can approve, reject, or initiate related procedures during the review period.
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