The U.S. Securities and Exchange Commission approved Nasdaq Texas, LLC’s amendment to Rule 5711(d), which governs Commodity Based Trust Shares. The framework defines a digital commodity for exchange-listing purposes and requires at least 85% of a qualifying trust’s portfolio to meet established generic listing standards. Up to 15% may be allocated to other digital commodities or certain securities that do not independently qualify. The SEC illustrated the structure with a $100 million trust holding $95 million in Bitcoin, Ether, Solana and XRP and $5 million in otherwise non-qualifying digital assets. The order also permits actively managed Commodity Based Trust Shares. Its references to the four assets as meeting the exchange’s commodity-based trust standards do not amount to a new federal law permanently classifying them as commodities. XRP traded around $1.40, down roughly 4% over 24 hours, even as XRP ETFs recorded an 11-session inflow streak worth about $170 million. Goldman Sachs was the largest disclosed XRP ETF holder at about $87.4 million, ahead of Jane Street and Millennium Management.