- •CoinShares files XRP ETF on Nasdaq, expanding regulated crypto access.
- •Institutional investors boost XRP confidence with $11.5 billion holdings.
- •SEC delay heightens anticipation for upcoming XRP ETF approvals.
CoinShares is taking a major step toward regulated crypto investing in the United States by filing to list the CoinShares XRP ETF on Nasdaq under the ticker XRPL. The new fund will allow investors to gain exposure to XRP without directly holding the digital asset.
The CoinShares XRP Trust will hold XRP and track the Compass Crypto Reference Index 4pm New York XRP, minus the fund’s fees and expenses. Each share will represent a portion of the XRP held in the trust. Investors will be able to trade shares through their brokers, while Authorized Participants will manage share creation and redemption in blocks of 5,000 using either XRP or cash. Valkyrie Funds LLC, a CoinShares affiliate, has already purchased initial Seed Shares in XRP to support liquidity once the ETF begins trading.
Institutional Confidence Signals Rising XRP Adoption
Institutional confidence in XRP appears to be growing. Publicly traded companies have quietly accumulated about $11.5 billion worth of XRP in their treasuries. Major firms such as SBI Holdings are viewing XRP as a digital equivalent of gold.
These holdings reflect the growing belief that XRP can serve as a long-term asset despite ongoing market volatility. Moreover, this accumulation highlights that institutions see XRP’s potential beyond its short-term price swings.
Regulatory Window Could Accelerate ETF Approvals
The ETF filing arrives at a crucial moment for the crypto industry. The U.S. Securities and Exchange Commission is reviewing several spot XRP ETF applications, with decisions expected soon after a recent delay caused by a government shutdown. Analysts expect a cluster of approvals once the process resumes.
Market observers describe the situation as a “perfect storm” for XRP, as ETF decisions could coincide with Ripple’s progress toward securing a bank charter. This alignment may create strong market momentum and open XRP to a wider investor base.
XRP Price Holds Range as Investors Await Clarity
Currently, XRP is trading near $2.40, marking a daily drop of 4.45%. The price has remained within a tight range, holding support between $1.21 and $1.55. A move above $2.80 could trigger renewed buying interest, while a decline below $1.56 may signal deeper corrections.
Overall, XRP’s sideways movement shows that traders are waiting for clearer regulatory direction. Once ETF approvals and institutional inflows materialize, market sentiment could shift rapidly in XRP’s favor.