Nasdaq Pushes for CoinShares XRP ETF Approval
In a recent update, Nasdaq has officially filed 19b-4 forms with the SEC to list two new CoinShares exchange-traded products: the CoinShares XRP ETF and Litecoin ETF. These funds would offer investors an easy way to gain exposure to two well-known cryptocurrencies, XRP and Litecoin.This move follows CoinShares’ submission of S-1 forms to the SEC last month, requesting approval for its spot XRP and Litecoin ETFs. Notably, the filing, submitted on February 10, represents a significant move toward institutional adoption of XRP. This proposal seeks to list and facilitate the trading of shares for the CoinShares XRP ETF Trust.This could boost XRP liquidity, attract fresh capital, and potentially cause a short-term price pump as traders eye regulatory approval and increased market exposure.The CoinShares XRP ETF proposal is part of a trend of similar filings for cryptocurrency-based exchange-traded products. If approved, it would give both institutional and retail investors a regulated way to invest in XRP without owning the asset directly. This filing is particularly significant because the SEC has previously rejected Solana ETF filings, making its decision on the XRP ETF closely watched by the market.If the SEC approves the listing, it could increase access to XRP, boosting liquidity and investor interest. Analysts are watching closely, as this could set a precedent for future crypto ETFs and attract more institutional investment. This development is key for both Nasdaq and cryptocurrency stakeholders, reflecting the evolving regulation of digital assets. We'd Love to Hear Your Thoughts on This Article!Was this writing helpful? Back to top button