Nasdaq is making a bold move in the crypto space. The exchange has officially filed 19b-4 forms with the SEC to list two new CoinShares exchange-traded products: the CoinShares XRP ETF and the CoinShares Litecoin ETF. If approved, these funds would give investors an easy way to gain exposure to XRP and Litecoin, two of the most well-known cryptocurrencies.
With the SEC’s stance on crypto ETFs still uncertain, could this be the breakthrough that XRP and Litecoin need? Or will it face the same fate as other rejected crypto ETF applications?
A Step Closer to Institutional Adoption
This filing follows CoinShares’ submission of S-1 forms last month, requesting SEC approval for its spot XRP and Litecoin ETFs. The 19b-4 filing, submitted on February 10, is a key step toward institutional adoption of XRP, as it could open the door for more traditional investors.
If approved, these ETFs could boost liquidity, attract new capital, and…
