SEC Approves 15% Digital Asset Buffer for NYSE Arca Trusts

SEC fast-tracks NYSE Arca rule change allowing 15% NAV in digital assets like Bitcoin and Ethereum, enabling active management strategies.

Woofun AI reports that the SEC has accelerated approval of an amendment to NYSE Arca’s universal listing standards for Commodity-Based Trust Shares. The rule permits up to 15% of a trust’s net asset value to consist of digital commodities or securities that do not fully meet current eligibility criteria, while requiring at least 85% to be traditional commodities or eligible assets. The amendment defines "digital commodities" based on encryption systems and supply-demand dynamics rather than profit expectations from management efforts. It also removes the passive management requirement, allowing active strategies with added safeguards against material non-public information misuse.