SEC seeks comment on crypto ETF listing rule

The U.S. Securities and Exchange Commission (SEC) is soliciting public feedback on a proposed rule change by NYSE Arca. This amendment would require commodity trusts underlying crypto exchange-traded products to hold at least 85% of their net asset value in assets that already meet existing generic listing standards. The remaining 15% could consist of other assets, provided the trust adheres to the broader rulebook. This move, under SEC Chair Paul Atkins, aims to allow for more flexible product design while ensuring substantial exposure to assets with established surveillance and eligibility criteria.