#secapprovesnasdaqtexascommoditytrustrule 🚨 The SEC has just opened another door for crypto! 🇺🇸🔥 The SEC approved Nasdaq Texas’s 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. 👀 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. 🔥 More regulatory clarity 🔥 More flexibility for crypto ETPs 🔥 Greater potential for institutional access This could be another step toward deeper Wall Street + crypto integration. 🚀
#SECApprovesNasdaqTexasCommodityTrustRule #secapprovesnasdaqtexascommoditytrustrule 🚨 The SEC has just opened another door for crypto! 🇺🇸🔥 The SEC approved the latest Nasdaq Texas 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. 👀 This framework also allows up to 15% of the NAV of a mutual fund/closed-end fund (trust) to be allocated to certain assets that do not meet standard eligibility tests. 🔥 More regulatory clarity 🔥 More flexibility for crypto ETPs 🔥 Greater potential for institutional access This could be another step toward a deeper integration of Wall Street + crypto. 🚀