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The U.S. Securities and Exchange Commission has proposed a framework that could make it easier for crypto investment trusts to include XRP alongside other major tokens, using an “85/15” structure. The proposal would allow trusts to hold a majority of assets in qualifying cryptocurrencies while permitting flexibility for the remainder, potentially reducing the need for separate approvals for each token included.
The proposal targets Rule 8.201-E, which governs commodity-based trust shares on NYSE Arca. Under the current approach, each asset in a trust must meet eligibility criteria individually, a process that can slow listings and limit product availability.
Under the proposed change, a trust would be required to keep 85% of its net asset value in qualifying assets—Bitcoin, Ethereum, Solana, and XRP. The remaining 15% could be allocated to non-qualifying holdings, including assets that do not meet the same eligibility requirements.
In practice, the proposal describes examples such as a trust holding $95 million across BTC, ETH, SOL, and XRP, while allocating $5 million to smaller-cap tokens that do not have futures contracts yet. In that scenario, the trust would remain above the 85% qualifying threshold and could proceed with listing.
The SEC’s rationale for including XRP in the qualifying group is tied to the availability of futures contracts and exchange-traded products that provide at least 40% economic exposure. The article states that XRP meets these criteria, placing it in the same bucket as Bitcoin, Ethereum, and Solana for listing purposes.
The SEC also clarified that non-fungible tokens and collectibles are excluded from the standards referenced in the proposal, drawing a line between fungible tokens with liquid markets and one-of-a-kind digital assets.
In addition to NYSE Arca, Nasdaq filed a similar proposal, identified as SR-NASDAQ-2026-032. The article notes that both exchanges are pointing to recent SEC approvals for the Grayscale Digital Large Cap Fund and Bitwise’s 10 Crypto Index ETF as evidence that multi-asset crypto products can already be approved under existing regulatory pathways.
Despite the regulatory development, XRP’s price has not shown an immediate positive move in the article’s account. XRP is trading at $1.39, down 2% over the past 24 hours and 3% over the past week. The token is described as 40% lower than a year ago and more than 61% below the July 2025 peak of $3.65.
The article also highlights a divergence between token price performance and institutional demand via regulated products. It states that spot XRP ETFs have recorded $1.29 billion in net inflows since launching in November 2025, described as a record. The piece characterizes this as institutional money continuing to enter through ETFs even as broader market sentiment remains weak.
The SEC has 45 days from the Federal Register publication date to decide on the proposal, with the option to extend the review period to 90 days. That implies a decision window of roughly one and a half to three months.
If approved, the article says multi-asset trusts that include XRP could list more quickly, since fund managers would not need to wait for individual asset approvals for each token included. The proposal is also presented as a potential precedent for how the SEC may handle multi-asset crypto products going forward.
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