SEC dey review di “85% proposal” for XRP ETF listings
Di U.S. SEC dey look into one NYSE Arca rule change wey dem dey call the “85% proposal,” and traders wey dey bet on XRP ETF dey watch am closely. If dem approve am, Rule 8.201-E go allow crypto trust products make dem qualify for listing if dem meet 85% requirement: at least 85% of net asset value must dey for assets wey don already qualify, and up to 15% fit be non-qualifying. The filing still update how dem go measure derivatives exposure by using aggregate gross notional value. BTC, ETH, SOL, and XRP na examples wey dem cite as qualifying because dem get connection to regulated futures trading and dem get required economic exposure through ETFs/funds. This no mean say na direct approval for XRP ETF; SEC don open public comments and fit approve, reject, or extend the decision window. Traders suppose dey monitor the SEC timeline, wetin come out from public comments, and any change for how people dey see the chance say XRP ETF go list.
Neutral
Di tori na news na improvement for di “process” no be straight green light. Di 85% proposal fit make crypto trust listings—and so di road to one XRP ETF—dey look more structured for issuers, but SEC still need finish public comments and then decide to approve, reject, or extend.
For short term, expectation fit boost XRP sentiment because di filing clear say XRP dey included, but without final approval di effect likely capped and dem headlines go drive am pass immediate product availability. For long term, if di rule become final, e fit reduce uncertainty for institutional adoption and fit support steady demand story. Overall, impact on XRP price likely neutral/limited until SEC make final decision.