The U.S. Securities and Exchange Commission (SEC) is seeking public comment on a proposed 85% asset ownership rule for Arca NYSE crypto ETFs, which could impact the listing structure of crypto ETFs.

CoinFeed reported on April 28th that, according to Bitcoin.com, the U.S. Securities and Exchange Commission (SEC) has issued a notice seeking public comment on a rule change proposed by Arca of the NYSE. The proposal requires that at least 85% of the assets in a commodity trust share meet existing eligibility criteria, with derivatives calculated based on notional gross value. Eligible assets include Bitcoin, Ethereum, Solana, and XRP, which have had futures traded on designated markets for at least six months and have significant exposure in exchange-traded products. NFTs and collectibles are explicitly excluded. If the trust holds over-the-counter call options on Bitcoin and Bitcoin ETFs, only about 71% of the exposure would meet the requirements, and the proposal would not be approved. The proposal aims to allow more products to be listed while limiting most exposure to monitorable assets. The SEC may approve, reject, or initiate relevant procedures during the review period.