CoinShares has submitted a filing to list the CoinShares XRP ETF on Nasdaq, under the ticker XRPL. The SEC filing, dated October 14, designates BitGo as the custodian and Valkyrie Funds as the seed capital investor. The ETF will provide exposure solely to XRP's spot price, without engaging in staking. This move coincides with several pending XRP ETF applications, including Grayscale's, with decisions anticipated between October 18 and 25.
XRP has seen a 3.23% increase in the last 24 hours, reaching $2.49, despite a 27% decline in daily trading volumes. The cryptocurrency attracted nearly $5 billion in inflows. Additionally, CME Group launched XRP options on October 15, with Wintermute and Galaxy executing the initial trades.
CoinShares Files for XRP ETF on Nasdaq Amid $5 Billion Inflows
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