- CoinShares files an XRP ETF to list on Nasdaq under the ticker XRPL
- The ETF will hold XRP and track the Compass Crypto Reference Index
- Public companies hold $11.5 billion in XRP, showing institutional confidence
CoinShares is moving to offer U.S. investors regulated access to XRP by filing to list the CoinShares XRP ETF on Nasdaq under the ticker XRPL. The ETF will provide shares that reflect the value of XRP, the cryptocurrency native to the XRP Ledger blockchain.
How the ETF Works
The ETF, called 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 represents a fraction of the XRP held in the fund.
Shares will be traded under the ticker XRPL. Investors can buy and sell through their brokers. Authorized financial firms, called Authorized Participants, will create and redeem shares in blocks of 5,000, either by delivering XRP or cash. An affiliate of CoinShares, Valkyrie Funds LLC, purchased initial “Seed Shares” using XRP. These shares will support liquidity when the ETF starts trading.
Related: XRP Finds Its Floor at $2.42, Needs $2.74 to $2.83 to Aim for $3.30
Institutional Confidence
Public companies have quietly accumulated $11.5 billion worth of XRP in their corporate treasuries. Firms like SBI Holdings are treating XRP as digital gold.
The large-scale holdings suggest that some institutions have confidence in XRP’s long-term prospects, even amid market volatility.
Regulatory Timing
XRP ETFs could expand access to the digital asset. ETFs make it easier for traditional investors and institutions to buy XRP without holding the tokens directly. The U.S. Securities and Exchange Commission (SEC) is set to rule on several spot XRP ETF applications. Decisions were originally expected between October 18 and October 25, 2025, but a recent government shutdown delayed the process.
Once the SEC resumes, multiple ETF approvals could come quickly. Analysts describe this period as a “perfect storm” for XRP, with ETF decisions and Ripple’s bank charter rulings potentially arriving in rapid succession.
XRP Price Struggles
XRP’s price is struggling to gain momentum. It is currently trading around $2.40, down 4.45% for the day. The market has been largely sideways, with no clear short-term trend. Support levels between $1.21 and $1.55 are holding, but the price has been moving in a tight range for months.
A move above $2.80 would mean upward momentum, while a drop below $1.56 could push it toward lower support zones. Overall, the market shows uncertainty and lacks a decisive move.
Related: Slow Start to Q4 for Bitcoin and Ethereum, But History Suggests Rebound Ahead
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
