Bitcoin.com reported that the U.S. Securities and Exchange Commission (SEC) has begun reviewing a rule proposed by NYSE Arca to strengthen cryptocurrency ETF listing standards, dubbed the '85% Qualified Assets Mandate'. NYSE Arca is pushing for an amendment to its listing standards, requiring commodity-based ETFs to hold at least 85% of their assets in 'verified assets'. 'Verified assets' include eligible commodities, stocks, cash, and cash equivalents. Cryptocurrencies like BTC, ETH, SOL, and XRP can be considered eligible assets as they have been traded in the futures market for over six months. The media outlet explained, "This amendment includes a provision that over-the-counter (OTC) derivatives will be calculated at their total notional value, leading to analysis that products with a high proportion of derivatives may find it difficult to maintain their listing. NYSE Arca states that this amendment will prevent market manipulation and protect investors, and the SEC plans to make a final decision on approval after hearing industry opinions."
