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Nasdaq has filed an exertion with the U.S. Securities and Exchange Commission (SEC) to database and commercialized 2 caller cryptocurrency exchange-traded funds (ETFs) from CoinShares, 1 for XRP and 1 for Litecoin.
On January 20, Nasdaq submitted this filing, which is known arsenic 19b-4, and it is required for an speech to present caller fiscal products.
The filing says, “The Exchange proposes to database and commercialized the Shares nether Nasdaq Rule 5711(d), which governs the listing and trading of Commodity-Based Trust Shares connected the Exchange.”
In January, CoinShare submitted S-1 signifier for the motorboat of XRP and Litecoin ETFs. This determination comes aft the palmy motorboat of Bitcoin and Ethereum ETFs past year.
Nasdaq’s determination reflects increasing assurance from investors and exchanges successful the crypto market’s maturation and changing U.S. regulations. It has accrued excitement astir the imaginable motorboat of XRP and Litecoin ETFs soon.
Bloomberg’s elder ETF analyst, Eric Balchunas, noted that the Litecoin ETF could beryllium the archetypal altcoin ETF support nether the Trump administration. Due to Trump’s affirmative stance connected cryptocurrency and expected regulatory changes, the optimism for crypto ETFs has increased.
Grayscale has applied for its Solana and Litecoin Trusts ETFs, portion BlackRock besides plans to update its iShares Bitcoin Trust ETF.
In addition, CBOE BZX Exchange has submitted 19b-4 applications for XRP ETFs with Bitwise, Canary Capital, 21Shares, and WisdomTree. Given the SEC’s existent crypto-friendly stance, the record is apt to beryllium approved.
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