CoinShares Files for XRP ETF Listing on Nasdaq

CoinShares has filed for a Nasdaq listing of its XRPL-ticker XRP spot ETF with the US SEC, appointing BitGo as custodian and Valkyrie Funds as seed investor.

The filing aims to capture rising institutional interest in XRP, underscored by recent inflows and market activity, amidst pending SEC approval decisions due October 18–25, 2025.

CoinShares Files for XRP ETF Listing on Nasdaq

CoinShares has filed an updated application with the US SEC to list an XRP ETF on Nasdaq. The filing seeks to tap into rising institutional demand for XRP products.

The ETF will see the involvement of CoinShares as the lead sponsor, BitGo as custodian, and Valkyrie Funds providing seed capital. These roles highlight significant institutional backing and potential market shifts.

Ripple's XRP has witnessed strong investor interest, with fund inflows reaching $61.6 million recently. This filing could further amplify institutional validation of XRP.

If approved, this ETF could influence the broader cryptocurrency market, especially XRP derivatives. The introduction of CME Group's XRP options underscores the potential growth of XRP-linked instruments. "The price of XRP reached a new all-time high of $3.56 in July 2025."

The SEC decision on XRP spot ETF applications remains pending. Observers anticipate decisions between October 18 and 25, 2025, impacting XRP market dynamics.

Successful launches of similar ETFs historically trigger increased investment and price boosts. With a decision imminent, industry's eyes are keenly on SEC's ruling. Market participants are preparing for potential ripple effects across the sector.