CoinShares Aims for Nasdaq Listing of First US Spot XRP ETF

European asset manager CoinShares has filed an application with the Securities and Exchange Commission (SEC) to list a spot XRP exchange-traded fund (ETF) on the Nasdaq. The proposed ticker is XRPL, and the filing outlines a detailed framework meeting U.S. compliance and custody standards. BitGo will serve as digital custodian, Valkyrie Funds will provide initial investment support, and U.S. Bank and its affiliates will handle cash management and administration. Paralel Distributors will handle market outreach for the ETF, which tracks XRP’s spot price directly without engaging in staking or yield-generating activities.