CoinShares files XRP ETF for Nasdaq as $5 billion flows into XRP

CoinShares has taken a decisive step toward bringing regulated XRP exposure to American investors, officially filing to list the CoinShares XRP ETF on Nasdaq under the ticker ￰0￱ SEC filing , dated October 14, outlines a robust operational structure, with BitGo tapped as custodian, Valkyrie Funds LLC stepping in as seed capital investor, and CSC Delaware Trust Company serving as ￰1￱ Fund Services will act as administrator, ￰2￱ NA as cash custodian, and Paralel Distributors as the marketing agent. Notably, the trust will not participate in staking, meaning investors will gain exposure strictly to XRP’s spot price rather than any additional yield.

“Our mission is to make XRP accessible to institutional investors in the U. S., with a fully compliant, transparent, and secure framework,” a CoinShares spokesperson said, framing the move as a milestone for both the firm and the broader digital asset ￰3￱ faces pending spot XRP ETF decisions The timing is ￰4￱ SEC faces a flurry of pending spot XRP ETF decisions, with Grayscale’s application up for judgment this week, followed closely by CoinShares, 21Shares, Bitwise, WisdomTree, and Canary Capital between October 18 and 25. Thus, the coming days could prove pivotal for XRP’s long-term positioning in ￰5￱ have already begun to ￰6￱ climbed 3.23% in the last 24 hours to trade at $2.49, lifting its market capitalization to $149.24 ￰7￱ marked a sharp rebound from an intraday low of $144.37 billion, translating into nearly $5 billion in inflows, even as daily trading volumes contracted by more than 27% to $5.96 ￰8￱ 1-day market cap.