CoinShares Shakes Markets: XRP ETF Filed for Nasdaq Listing - Institutional Floodgates Opening

Wall Street's crypto embrace accelerates as traditional finance heavyweight CoinShares files groundbreaking XRP ETF for Nasdaq listing.

Institutional Validation Reaches Critical Mass

The regulatory filing signals mainstream acceptance of XRP as legitimate investment vehicle—not just another speculative crypto play. Major financial institutions now positioning for what could become the most significant digital asset ETF since Bitcoin's landmark approval.

Nasdaq Platform Unleashes Capital Flood

Listing on America's second-largest exchange provides instant credibility and accessibility to millions of traditional investors who've been sidelined from direct XRP exposure. The move effectively bridges the gap between crypto natives and retirement account managers—though whether this brings stability or just more Wall Street volatility remains the billion-dollar question.

As the SEC's approval process begins, the entire digital asset space watches whether this becomes the template for altcoin institutionalization—or just another case of traditional finance figuring out how to charge fees on assets they once called 'worthless.'

After a decade-long legal battle with the SEC, the race for a U.S. spot XRP ETF is heating up. CoinShares has officially filed its application to list the CoinShares XRP ETF (ticker: XRPL) on Nasdaq, marking a major step toward bringing institutional XRP investment to American investors.

CoinShares Finalizes Key Details Ahead of Nasdaq Debut

In a recent SEC filing dated October 14, CoinShares confirmed XRPL as the official ticker for its proposed ETF. The document highlighted strategic partnerships, including BitGo as the crypto custodian and Valkyrie Funds LLC as the seed capital investor. While the exact amount of XRP purchased by Valkyrie was not disclosed, these moves signal growing institutional confidence in XRP.

The filing clarified that the trust will not participate in staking, meaning investors will not receive staking rewards or income generated from network participation. It also listed CSC Delaware Trust Company as trustee, U.S. Bancorp Fund Services as transfer agent and administrator, U.S. Bank NA as cash custodian, and Paralel Distributors as marketing agent, creating a robust operational structure ahead of potential SEC approval.

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SEC Set to Deliver Final Verdict on Multiple XRP ETF Applications

The coming week is crucial for XRP ETF hopefuls. The SEC’s final deadline for Grayscale’s spot XRP ETF arrives this week, followed by decisions on CoinShares, 21Shares, Bitwise, WisdomTree, and Canary Capital between October 18 and 25.

Market analysts predict the regulator may approve multiple XRP ETFs simultaneously, particularly if the U.S. government resolves its ongoing budget deadlock. “Approval of multiple XRP ETFs would be a watershed moment, similar to Bitcoin and ethereum ETFs earlier this year,” said crypto analyst Jane Whitfield.

XRP Price Remains Strong Amid Institutional Inflows

Despite recent market volatility, XRP continues to attract heavy institutional inflows, totaling $61.6 million last week alone, among the highest across digital assets. This surge suggests investors are positioning themselves ahead of possible ETF approvals.

At the time of writing, XRP trades around $2.50, up 1% in the past 24 hours, with trading volumes down slightly by 20%. Market experts note that CoinShares’ XRP ETF Nasdaq filing could become a key catalyst, bridging the gap between traditional finance and the rapidly maturing digital asset sector.

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