CoinShares’ XRP ETF will soon be listed on Nasdaq, check out the details!

Jakarta, Pintu News – Global financial markets will soon welcome the launch of an XRP ETF by CoinShares, which has filed an amended application with the US SEC. With an announcement scheduled for next week, this launch promises to significantly change the way investors access Ripple (XRP).

Filing with SEC and Preparation for Launch

CoinShares has officially filed an S-1 form with the US Securities and Exchange Commission (SEC) on October 14, announcing the ticker XRPL in preparation for listing on Nasdaq. Although the management fee has not been disclosed, there is the uniqueness of having a sponsorship fee paid using Ripple (XRP), which is still awaiting further details.

As part of the preparations, CoinShares has appointed BitGo as the depository of assets and Valkyrie Funds LLC as the seed capital investor. Additionally, no details were disclosed regarding the amount of Ripple (XRP) purchased by Valkyrie.

The Trust has updated language, risk factors and other details, including staking provisions. The Trust will not participate directly or indirectly in the staking program, so shareholders will not receive any staking rewards or other income.

Also read: Cathie Wood makes waves, Ark Invest files new Bitcoin ETF with SEC!

SEC Decisions and Market Expectations

Decisions regarding six spot Ripple (XRP) ETFs are scheduled to be announced between October 18 and 25, with the final decision deadline for the Grayscale ETF falling this week. Decisions on applications from 21Shares, Bitwise, WisdomTree, CoinShares, and Canary Capital are expected next week.

However, there are speculations that the SEC might approve all Ripple (XRP) ETF listings alongside the Grayscale decision, depending on the completion of the US government shutdown. Institutional investors remain optimistic about ETF approval as Ripple (XRP) continues to register strong buying. According to a CoinGape report, Ripple (XRP) funds saw inflows of $61.6 million last week despite the biggest crypto market crash ever.

Read also: Why isn’t Pi Network (PI) listed on Binance yet? CZ Opens Up!

Ripple (XRP) Market Performance

Currently, the price of Ripple (XRP) has rebounded by 1% in the last 24 hours, with trading trending steadily above $2.50. The lowest and highest prices in 24 hours were $2.41 and $2.53.

In addition, trading volume has fallen by 20% in the last 24 hours. This performance shows the resilience of Ripple (XRP) amid high market volatility, attracting further interest from investors seeking exposure through structured products such as ETFs.

Conclusion

With the SEC decision set to be announced shortly, the launch of the Ripple (XRP) ETF by CoinShares on Nasdaq will probably be an important turning point for investors seeking diversification through crypto assets. The successful listing will not only strengthen Ripple’s (XRP) position in the global market, but will also open up new opportunities for investors to engage in the crypto market through more traditional and regulated instruments.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. CoinShares XRP ETF (XRPL) Files with US SEC for Nasdaq Listing. Accessed on October 16, 2025
• Featured Image: U Today