Nasdaq has officially filed 19b-4 forms with the SEC to list two new CoinShares exchange-traded products (ETPs): the CoinShares XRP ETF and CoinShares Litecoin ETF. If approved, these ETFs would provide investors with a regulated way to gain exposure to XRP and Litecoin, marking a significant step toward institutional adoption.
Why This XRP ETF Matters
- The filing follows CoinShares’ S-1 submissions last month, requesting SEC approval for spot XRP and Litecoin ETFs.
- This move could boost XRP liquidity, attract institutional capital, and increase market exposure.
- The SEC’s decision on the XRP ETF is highly anticipated, especially after its rejection of Solana ETF filings.
A Growing Trend: Crypto ETF Expansion
The CoinShares ETF proposal aligns with the broader trend of crypto-based exchange-traded products gaining traction:
- Cboe recently filed four 19b-4 requests with the SEC to list spot XRP ETFs from WisdomTree, Bitwise, 21Shares, and Canary.
- Asset managers like BlackRock and Fidelity have already paved the way for institutional crypto ETFs, increasing regulatory momentum.
Litecoin ETF: The First Trump-Era Crypto Approval?
- The Litecoin ETF is expected to be the first spot crypto ETF approved under the Trump administration.
- Litecoin has an edge over other crypto assets due to:
- No legal issues with the SEC.
- The CFTC’s classification of LTC as a commodity rather than a security.
What’s Next?
If approved, the XRP and Litecoin ETFs could:
- Increase mainstream access to crypto assets.
- Set a precedent for future altcoin ETFs.
- Attract institutional investors, further legitimizing digital assets.
With the SEC’s evolving stance on crypto regulation, Nasdaq’s push for XRP and Litecoin ETFs marks another step toward wider institutional adoption of digital assets.
While many focus on the XRP ETF’s potential approval, the real game-changer may be Litecoin’s ETF setting a precedent for commodity-classified altcoins. If LTC gets approved first, it could pave the way for faster approvals of Bitcoin-adjacent assets like Dogecoin, reshaping how regulators view crypto ETFs.