SEC's New 85% Threshold May Delay XRP ETF Greenlights

The U.S. Securities and Exchange Commission has opened a review of a proposed NYSE Arca rule change that could tighten eligibility for crypto ETFs. The proposal centers on an 85% asset threshold, requiring funds to keep at least 85% of assets in holdings already approved under existing standards. The shift could affect exchange-listing efforts for products linked to Bitcoin ($BTC) and XRP ($XRP). XRP may meet criteria tied to futures-based exposure, but more complex structures, including OTC options, could leave some funds falling short of the 85% requirement. The result is added uncertainty for hybrid crypto strategies seeking listings. Clearer rules could also bolster long-term institutional confidence in the market.