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SEC Clears Nasdaq Texas Rule 5711 for BTC ETH XRP SOL Digital Commodity Status

By Jordan Lee · Editor-in-Chief · 2026-09-05

Nasdaq TexasSECBitcoinEthereumXRPSolana
Pixel Doginal Dog beside Bitcoin, Dogecoin, and USDC with a gavel and Capitol

SOL leads modest advance

SOL climbed 1.6 percent to $102.92 on Saturday while BTC rose 0.5 percent to $79,731 and XRP added 0.7 percent to $1.42. ETH ticked up 0.1 percent to $2,456.77 and DOGE posted the strongest move among the group at 3.2 percent to $0.087782. The gains arrived as the market worked through the SEC’s latest action on commodity-based trust shares.

Order details and scope

The SEC granted accelerated approval on September 3 to Nasdaq Texas LLC for changes to Rule 5711(d) under Order 34-106268. The amendment introduces a digital-commodity definition, permits actively managed strategies, and allows up to 15 percent of NAV in assets that do not yet meet full eligibility criteria. The order lists Bitcoin, Ether, Solana, and XRP as examples that already satisfy the new definition. This remains an SRO listing-rule adjustment rather than a broader federal commodity statute.

Price leadership and context

SOL posted the clearest leadership among the majors named in the order, while DOGE extended the move with the largest percentage advance. The 15 percent NAV buffer gives managers added room inside the trust structure without requiring every holding to clear the strictest eligibility tests immediately. Market participants focused on how the explicit naming of BTC, ETH, SOL, and XRP could streamline future product filings under the amended rule.

Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) maintained their regular Doginal Dogs Saturday Space, keeping attention on the regulatory step rather than prior event coverage. The session underscored the order’s focus on the four named assets and the practical impact of the 15 percent flexibility.

CLARITY Act cloture remains scheduled for September 15 and sits separate from this SRO listing-rule order.

The market registered the approval with steady but unspectacular candles across the majors. SOL and DOGE showed the clearest bid while the broader group held modest positive territory. The explicit inclusion of four major assets in the digital-commodity example set a clear reference point for issuers evaluating trust structures under the updated Nasdaq Texas framework.