SEC 85% rule for crypto ETF assets: NFTs no de included
SEC don open public consultation on NYSE Arca proposal wey dey cover SEC 85% rule for crypto ETF assets. For the draft, at least 85% of crypto ETF total value must dey for pre-approved, clearly defined eligible holdings. Up to 15% fit dey invested for other asset classes if certain conditions meet.
The SEC 85% rule for crypto ETF assets go change how dem dey monitor derivative exposure, dem go use gross notional size instead of net value to make risk transparency better.
One big eligibility tightening dey proposed: tokens wey dem consider get "collectible value," NFTs include, go dey excluded. Issuers go need special approval for each product to include such collectibles.
For the same time, Solana (SOL) dey trade weaker. SOL no fit reclaim the $89–$91 resistance zone and dey around $84.80. Key supports dey at $83.30 and $81.75, with downside risk to $74.50 if those levels break.
Bearish
For SOL specifically, di latest article dey emphasize price weakness and failed breakout attempts. SOL dey stuck below di $89–$91 resistance band and e dey trade near $84.80. Dis setup normally invite sellers to defend rallies and fit trigger further downside if $83.30 and den $81.75 comot.
Di SEC 85% rule for crypto ETF assets mainly affect ETF product structuring and NFT eligibility rather than SOL’s immediate fundamentals. So, e impact on SOL price likely indirect at best (sentiment/flow effects). For di near term, traders go likely focus on SOL’s technical levels and risk management, wey align with bearish classification.
Short-term: elevated risk of continuu sell-off toward $74.50 if supports break.
Long-term: di SEC move fit be neutral to marginally constructive for broader regulated-crypto narratives, but e no give clear catalyst for SOL itself based on di info wey dem provide.