Nasdaq Proposes XRP ETF: A Step Towards Institutional Adoption

Nasdaq has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the CoinShares XRP ETF Trust. This move, announced on February 10, is a significant step towards institutional adoption of XRP. The filing seeks to list and facilitate the trading of shares for the CoinShares XRP ETF Trust.

If approved, this ETF would provide both institutional and retail investors with a regulated way to invest in XRP without owning the asset directly. This could boost XRP liquidity, attract fresh capital, and potentially cause a short-term price pump as traders eye regulatory approval and increased market exposure.

The CoinShares XRP ETF proposal is part of a trend of similar filings for cryptocurrency-based exchange-traded products. As the crypto market continues to evolve, such products offer investors a more accessible and regulated way to gain exposure to digital assets.