The post Nasdaq Pushes for CoinShares XRP ETF Approval appeared first on Coinpedia Fintech News
In a latest development, Nasdaq has officially 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.
Notably, the filing, submitted on February 10, represents a significant move toward institutional adoption of XRP. This proposal seeks to list and facilitate the trading of shares for the CoinShares XRP ETF Trust.
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. If approved, it would give both institutional and retail investors a regulated way to invest in XRP without owning the asset directly.