SEC Clears BTC, ETH, XRP, SOL as Commodities: How Price May React

The SEC has approved a rule change that labels Bitcoin, Ethereum, XRP, and Solana as digital commodities. The order applies to a Nasdaq Texas listing rule, not a new federal law, but it still matters for how funds can build crypto products going forward.

The news lands during a rough week for the market. A hot August jobs report pushed Treasury yields higher and added pressure on crypto prices just as traders look ahead to next week's CPI data and the Fed's September meeting.

Below is a breakdown of what the order actually changes, plus a technical look at where BTC, ETH, XRP, and SOL could head next.

What did the SEC just approve?

The order, numbered SEC Order No. 34-106268, gives accelerated approval to Nasdaq Texas, LLC to amend Rule 5711(d).

This rule covers commodity-based trust shares that trade on the exchange. The update creates an official definition of "digital commodity" inside Nasdaq Texas rules.

It also lets fund managers use more active management techniques. Under the new flexibility, up to 15% of a fund's net asset value can include assets that don't yet meet every listing requirement at the time of listing.

The regulator used a multi-asset trust holding Bitcoin, Ethereum, Solana, and XRP as its example. All four currently meet the criteria to count as digital commodities.

Why does this matter for crypto investors?

This isn't a brand-new commodity law. It's a listing structure change on one exchange.

Still, it builds on earlier steps. Back in March, the SEC and the CFTC jointly classified Bitcoin, Ethereum, Solana, and XRP as crypto commodities, alongside Cardano, Avalanche, Dogecoin, Shiba Inu, and Chainlink.

The timing also lines up with the CLARITY Act, which the Senate is expected to take up later in September. That bill aims to set clearer rules for digital assets across the board.

For asset managers, this gives more room to build multi-asset crypto products. For everyday investors, it could mean more regulated ways to get exposure to these four coins through ETFs and trusts.

What does the liquidation data show?

Long positions took the bigger hit, losing $274.14M compared to $127.09M on the short side. That kind of long-heavy flush often clears out excess leverage, which can set up cleaner price action afterward.

Bitcoin price prediction

BTC is consolidating near $79,600 after breaking out of a descending channel. Resistance sits around $80,500 to $82,000, with support near $78,500 to $79,000.

If Bitcoin holds above $78,500, it could try again for $81,000 to $82,800. A clean two-hour close above $82,800 opens the door to $85,000 to $88,000.

A drop below $78,500 could send BTC back toward $76,000 to $75,500. This is a technical read, not a promise.

Ethereum price prediction

ETH is stuck in a range between roughly $2,360 support and $2,520 to $2,550 resistance. Price is currently compressed around $2,450, which suggests traders are waiting for a clear signal.

A two-hour close above $2,520 to $2,550 would favor a move toward $2,600 to $2,650. Losing $2,400 to $2,360 would weaken that bullish case.

XRP price prediction

XRP sits near $1.40. Reclaiming $1.43 could open a path to $1.53 and then $1.64.

On the downside, $1.34 is the first support to watch. A break there risks a slide to $1.26 to $1.24, and the more important zone sits at $1.10 to $1.06, where several buyers may step back in.

A move to $2 is possible but not guaranteed. It would likely need a clean break above $1.43 on strong volume, plus supportive news from the jobs report, the Fed meeting, or the CLARITY Act vote.

If XRP instead loses the $1.33 to $1.35 support zone, a drop toward $1.27 becomes more likely.

Is Solana price bullish right now?

Analyst Ali Martinez has pointed to $150 as a longer-term target for SOL, tied to holding its current breakout. That's one analyst's opinion, not a guarantee.

SOL trades near $100 after breaking out of a long descending channel. A short-term flag pattern has formed, and holding $98 to $100 keeps the bullish setup alive.

A move above $104 to $105 could lead to $110 to $112, then $118 to $120. Losing $98 risks a drop toward $94 to $90.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk of loss. Prices and technical levels mentioned are based on available data at the time of writing and may change quickly. Always do your own research and consult a licensed financial advisor before making investment decisions.