Nasdaq Pushes for CoinShares’ XRP and Litecoin ETFs – Will the SEC Approve?
Nidhi Kolhapur10 Feb 20252 min read
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 potentially drive a short-term price surge as traders anticipate higher market exposure. This move is part of a growing trend of crypto-based ETF proposals. However, it stands out because the SEC previously rejected Solana ETF filings, making its decision on the XRP ETF highly anticipated.
Will the SEC Give the Green Light?
An approval from the SEC would make XRP more accessible to investors, increasing both liquidity and market interest. Analysts believe this could set a precedent for future crypto ETFs, encouraging more institutional investment.
At the same time, major U.S. asset managers are also pursuing crypto ETF approvals. Just last week, Cboe filed four 19b-4 forms with the SEC to list spot XRP ETFs from WisdomTree, Bitwise, 21Shares, and Canary, showing strong institutional interest.
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Among the two filings, the Litecoin ETF may have a better chance of approval. Unlike other crypto assets, Litecoin has no legal disputes with the SEC and is classified as a commodity by the CFTC. This could give it an advantage in regulatory approval.
Some industry experts even believe the Litecoin ETF could become the first spot crypto ETF approved in the Trump era.
