XRP ETF News: CoinShares Reveals Ticker and Custodian Ahead of SEC Ruling

According to an S-1 amendmentfiled on October 14, the proposed ETF will trade under the ticker XRPL, with BitGo serving as the crypto custodian and Valkyrie Funds LLC providing seed capital. While the fund’s management fee has not yet been disclosed, the filing hints that it may be payable in XRP once terms are finalized.

CoinShares confirmed that the trust will not participate in staking programs, meaning investors will not receive staking rewards or additional income. The filing also names CSC Delaware Trust Company as trustee, U.S. Bancorp Fund Services as transfer agent and administrator, Paralel Distributors as marketing agent, and U.S. Bank NA as cash custodian.

The XRP ETF race is now entering a decisive stage. The SEC’s final deadline for Grayscale’s XRP ETF arrives this week, while decisions on applications from 21Shares, Bitwise, WisdomTree, CoinShares, and Canary Capital are expected between October 18 and 25.

Market analysts expect the regulator could approve multiple XRP ETFs at once if the government shutdown concludes soon. Institutional interest has remained strong, with XRP funds recording $61.6 million in inflows last week, even as the wider crypto market suffered its steepest correction of the year.

If approved, CoinShares’ XRP ETF would mark another milestone in the rapid institutional adoption of digital assets, extending the momentum seen with Bitcoin and Ethereum ETFs into the broader altcoin market.

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