XRP Named in SEC Crypto ETF Rule With 15% Flexibility
The SEC approved changes to Nasdaq Texas Rule 5711(d), naming Bitcoin, Ether, Solana and XRP as examples of digital assets that currently meet commodity-based trust standards. The decision applies to exchange-listing rules and does not permanently classify all four assets as commodities under federal law.
The more significant change is a portfolio rule for qualifying crypto trusts. At least 85% of assets must meet established generic listing requirements, while up to 15% may be allocated to other digital commodities or certain securities that do not independently qualify. The framework also permits actively managed commodity-based trust shares, potentially broadening future crypto ETF designs.
XRP traded near $1.40, down about 4% in 24 hours as rising Treasury yields and expectations of tighter Federal Reserve policy pressured risk assets. However, XRP ETF demand remained strong, with an 11-session inflow streak totaling about $170 million. Goldman Sachs was reported as the largest disclosed XRP ETF holder, with approximately $87.4 million, ahead of Jane Street and Millennium Management.
For traders, the SEC decision is a positive regulatory signal for XRP and the broader crypto ETF market, but short-term price action remains driven by macroeconomic conditions.
Bullish
The market impact is cautiously bullish. The SEC’s reference to XRP alongside BTC, ETH and SOL strengthens the asset’s regulatory positioning and may reduce uncertainty for exchanges, ETF issuers and institutional investors. The 85%/15% portfolio structure also gives asset managers more flexibility to launch diversified or actively managed crypto products, which could support longer-term demand and liquidity.
However, this is not a new federal commodity classification, so the decision may have a limited immediate effect on XRP’s spot price. XRP was down about 4% despite the regulatory news, showing that short-term trading is being dominated by Treasury yields, Federal Reserve expectations and broader risk sentiment. Similar regulatory approvals and ETF-related announcements have often produced an initial rally, followed by profit-taking once traders distinguish between product-market implications and immediate token demand.
The reported $170 million XRP ETF inflow streak and Goldman Sachs’ approximately $87.4 million disclosed position provide a stronger medium- to long-term signal than the daily price decline. If ETF issuers use the 15% allowance to add XRP or other digital assets, the rule could increase institutional exposure across the market. Traders should still monitor ETF flows, macroeconomic data, interest-rate expectations and whether XRP can regain momentum after the current risk-off pressure.