CoinShares Sets Stage for XRP ETF Launch with New Filing Details

CoinShares, a leading cryptocurrency asset manager, is taking steps towards launching an XRP exchange-traded fund (ETF). A recent SEC filing revealed the ETF’s planned ticker symbol – XRPL – and details about the chosen custodian and investor management. BitGo will serve as the crypto custodian, while Valkyrie Funds LLC will provide initial capital to the trust. Notably, the management fee for this fund is yet to be disclosed. However, the filing suggests it may be paid in XRP upon completion of finalization.