#secapprovesnasdaqtexascommoditytrustrule
๐จ The SEC has just opened another door for crypto! ๐บ๐ธ๐ฅ
The SEC approved Nasdaq Texasโs latest rule for crypto commodity-trust products, creating a clearer framework for digital commodities and allowing greater flexibility for crypto investment products.
The approved framework specifically uses $BTC , $ETH , $SOL and XRP as examples of assets that meet the relevant eligibility requirements. ๐
The framework also allows up to 15% of the NAV of a mutual fund/closed-end fund (trust) in certain assets that do not meet the standard eligibility tests.
๐ฅ More regulatory clarity
๐ฅ More flexibility for crypto ETPs
๐ฅ Greater potential for institutional access
This could be another step toward deeper Wall Street + crypto integration. ๐
#bitcoin #SolanaUSTD
๐จ The SEC has just opened another door for crypto! ๐บ๐ธ๐ฅ
The SEC approved Nasdaq Texasโs latest rule for crypto commodity-trust products, creating a clearer framework for digital commodities and allowing greater flexibility for crypto investment products.
The approved framework specifically uses $BTC , $ETH , $SOL and XRP as examples of assets that meet the relevant eligibility requirements. ๐
The framework also allows up to 15% of the NAV of a mutual fund/closed-end fund (trust) in certain assets that do not meet the standard eligibility tests.
๐ฅ More regulatory clarity
๐ฅ More flexibility for crypto ETPs
๐ฅ Greater potential for institutional access
This could be another step toward deeper Wall Street + crypto integration. ๐
#bitcoin #SolanaUSTD