Amid rising anticipations on XRP exchange-traded funds (ETFs), Nasdaq has taken a daring initiative. In an astounding growth, Nasdaq filed 19b-4 types with the Securities and Exchange Commission (SEC) to introduce CoinShares’ XRP ETF and Litecoin ETF. These listings allow buyers to faucet into new funding alternatives in XRP and Litecoin, driving institutional adoption.
Nasdaq Files for CoinShares’ XRP and Litecoin ETFs
According to an official filing submitted on January 10, Nasdaq submitted 19b-4 types to the SEC to listing and commerce two CoinShares exchange-traded funds- XRP and Litecoin. The submitting learn, ”The Exchange proposes to listing and commerce the Shares below Nasdaq Rule 5711(d), which governs the itemizing and buying and selling of Commodity-Based Trust Shares on the Exchange.”
Nasdaq’s transfer follows CoinShares’ S-1 kind submission to launch XRP and Litecoin ETFs. It highlights exchanges and buyers’ rising optimism in direction of crypto trade enlargement, aligning with the altering regulatory panorama within the United States.
Will CoinShares Launch XRP and Litecoin ETFs?
In January 2025, CoinShares filed for XRP and Litecoin ETFs, searching for regulatory nods from the SEC. This comes amid the rising acceptance of ETFs, particularly following the profitable launch of Bitcoin and Ethereum ETFs final yr.
According to Eric Balchunas, Bloomberg’s senior ETF analyst, the Litecoin ETF is poised to make historical past as the primary altcoin ETF to obtain approval and launch below the Trump administration. President Donald Trump’s supportive crypto stance and the anticipated shift in regulatory setting have considerably contributed to the rising optimism. Notably, these elements are anticipated to foster a extra conducive ecosystem for crypto ETFs in United States.
As 19b-4 submission is taken into account to be a vital step within the launch of a crypto ETF, Nasdaq’s transfer fuels pleasure on the approaching launch of XRP and Litecoin ETFs.
Big Players Enter the Fray for Crypto ETFs
Besides CoinShares, different distinguished establishments like Grayscale Investments and BlackRock have additionally initiated the launch of altcoin ETFs. Grayscale has filed a 19b-4 software to transform its Solana Trust and Litecoin Trust into ETFs. Meanwhile, BlackRock goals to revamp its iShares Bitcoin Trust ETF.
In addition, CBOE BZX Exchange has filed 19b-4 functions for XRP ETFs for Bitwise, Canary Capital, 21Shares, and WisdomTree. The probabilities for the SEC to approve the submitting are excessive contemplating the regulator’s prevailing crypto-friendly focus.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of expertise in blockchain, web3, and fintech spheres. She has established herself as a educated and fascinating voice within the cryptocurrency and blockchain house. Her expertise as an Assistant Professor in English Language and Literature has additional added to her quest for crafting informative, well-researched, and accessible content material.
Disclaimer: The offered content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
