The U.S. Securities and Exchange Commission (SEC) issued a notice on April 27 calling for public comments on the proposed rule change submitted by the New York Stock Exchange Arca (NYSE Arca). According to an SEC document, NYSE Arca is seeking to amend Rule 8.201-E (the general listing framework for Commodity Trust Shares), which requires that at least 85% of a trust’s net asset value be held in qualifying assets permitted under the rule.

XRP's holder base has surged to 7.8 million, according to on-chain metrics provider Santiment, reflecting growing long-term interest in the asset. Despite this expansion in network participation, XRP continues to trade around $1.39 based on CoinCodex data, creating a divergence between rising