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 XRPL. The 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 trustee. U.S. Bancorp Fund Services will act as administrator, U.S. Bank 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 ecosystem. SEC faces pending spot XRP ET...