SECGeneralJune 16, 2026

Nasdaq Proposes Updated Generic Listing Standards for Commodity-Based Trust Shares

Nasdaq has filed Amendment No. 1 to a proposed rule change that would modify the generic listing standards for commodity-based trust shares under Rule 5711(d), with the SEC designating a longer review period. This is relevant to crypto compliance teams because commodity-based trust shares are frequently used as the vehicle for spot Bitcoin and other digital-asset ETFs, and changes to listing standards can affect how such products are structured, disclosed, and traded.

What to do

Monitor the SEC's review process for this Nasdaq rule change and assess whether any resulting updates to generic listing standards affect your firm's digital-asset ETF product offerings or compliance obligations.

Who this affects

Broker-Dealer / RIACrypto ExchangeOther

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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