The post Nasdaq Files 19b-4s For CoinShares XRP & Litecoin ETFs With US SEC appeared on BitcoinEthereumNews.com.

Amid increasing anticipations on XRP exchange-traded funds (ETFs), Nasdaq has taken a bold initiative. In an astounding development, Nasdaq filed 19b-4 forms with the Securities and Exchange Commission (SEC) to introduce CoinShares’ XRP ETF and Litecoin ETF. These listings enable investors to tap into new investment opportunities in XRP and Litecoin, driving institutional adoption. Nasdaq Files for CoinShares’ XRP and Litecoin ETFs According to an official filing submitted on January 10, Nasdaq submitted 19b-4 forms to the SEC to list and trade two CoinShares exchange-traded funds- XRP and Litecoin. The filing read, ”The Exchange proposes to list and trade the Shares under Nasdaq Rule 5711(d), which governs the listing and trading of Commodity-Based Trust Shares on the Exchange.” Nasdaq’s move follows CoinShares’ S-1 form submission to launch XRP and Litecoin ETFs. It highlights exchanges and investors’ increasing optimism towards crypto industry expansion, aligning with the changing regulatory landscape in the United States. Will CoinShares Launch XRP and Litecoin ETFs? In January 2025, CoinShares filed for XRP and Litecoin ETFs, seeking regulatory nods from the SEC. This comes amid the increasing acceptance of ETFs, especially following the successful launch of Bitcoin and Ethereum ETFs last year. According to Eric Balchunas, Bloomberg’s senior ETF analyst, the Litecoin ETF is poised to make history as the first altcoin ETF to receive approval and launch under the Trump administration. President Donald Trump’s supportive crypto stance and the anticipated shift in regulatory environment have significantly contributed to the growing optimism. Notably, these factors are expected to foster a more conducive ecosystem for crypto ETFs in United States. As 19b-4 submission is considered to be a crucial step in the launch of a crypto ETF, Nasdaq’s move fuels excitement on the imminent launch of XRP and Litecoin ETFs. Big Players Enter the Fray for Crypto ETFs Besides…

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Filed under: News - @ February 10, 2025 9:22 pm