SEC Approves Nasdaq Rule Change Including XRP and Solana as Digital Commodities
XRP (XRP)
Editor:
Eugene Serbin
digitaltoday.co.kr reports that the U.S. Securities and Exchange Commission approved a rule change by Nasdaq Texas, designating Solana and XRP as digital commodities alongside Bitcoin and Ether. The SEC order 34-106268 updates Nasdaq Texas Rule 5711(d) to allow actively managed cryptocurrency strategies and permits assets not meeting existing listing standards to comprise up to 15 percent of a fund’s net asset value. This classification applies specifically to trusts holding Bitcoin, Ether, Solana, and XRP, though it does not constitute a new federal commodities law or direct approval of specific ETFs.
The move is expected to broaden the scope for managing cryptocurrency investment products and influence the design of future trust products. Market sentiment turned bullish, with $566.9 million in liquidations occurring over 24 hours, predominantly from short positions. Total cryptocurrency market capitalization reached approximately $2.711 trillion, while U.S. spot Bitcoin ETFs recorded $730.87 million in inflows.
Spot XRP ETFs saw net inflows for 11 consecutive days, bringing cumulative inflows to $1.68 billion. Federal Reserve Governor Christopher Waller cited easing inflation and supported holding rates steady at the September 15-16 FOMC meeting. Meanwhile, privacy coin Zcash surged 20 percent in 24 hours, driven by concerns over AI agents and transaction traceability. Attention remains on the U.S. Senate cloture vote on the CLARITY bill scheduled for the 15th, which could further clarify the regulatory framework.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 7 September 2026. Not the outlet's figures.
Whalio spot data for XRP shows a buy ratio of 50.8% over the last hour and 53.9% over the last four hours, compared to 48.2% over the last 24 hours. This indicates that buying pressure is currently building relative to the daily average. The volume delta reflects this shift, with positive inflows of $124,668 in the last hour and $1,866,760 over four hours, contrasting with a negative delta of -$3,526,400 over the full day. The buy ratio measures the proportion of buy volume to total volume, while the volume delta tracks the net difference between buy and sell volume. These figures suggest a recent acceleration in buying activity that has reversed the day's earlier outflow trend.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.0%, making today's 24-hour ratio of 48.2% slightly below the weekly norm by 1.8 points. Spot volume was recorded at $100,308,137, which is 0.58 times the weekly average, indicating a notably quiet trading day. The coin experienced net buying on only 3 of the past 7 days, with a total volume delta of +$2,068,056 over that period. This suggests that while buying pressure has intensified in the short term, the overall weekly activity remains subdued compared to typical levels.