CoinShares XRP ETF Nears Launch as $61.6M Inflows Ignite Investor Hype
CoinShares has actually gone ahead and updated its application with the U.S. Securities & Exchange Commission (SEC) , to get...
Quick overview
- CoinShares has updated its SEC application for a Nasdaq listing under the ticker XRPL, with details still pending on management fees.
- The trust will not participate in staking programs, meaning shareholders will not receive staking rewards.
- The SEC is expected to announce decisions on multiple XRP ETF applications between October 18th and 25th, potentially approving them simultaneously.
- XRP funds experienced a significant influx of $61.6 million last week, indicating strong investor confidence despite market volatility.
CoinShares has actually gone ahead and updated its application with the U.S. Securities & Exchange Commission (SEC) , to get it all sorted out for a Nasdaq listing – under the ticker XRPL to be exact – according to a S-1 filing it filed back on October 14th. Alright so the management fee – that’s still a secret at this point, but the filing does let us know that a sponsor fee is payable in XRP and we’ll just have to wait for full terms to be laid out.
Some key people involved in this are BitGo as the custodian and Valkyrie Funds LLC as a seed capital investor – though the amount of XRP that Valkyrie actually bought does remain a mystery for now. The filing also puts it out there that the trust won’t be participating in any staking programs, which means shareholders won’t be getting staking rewards.
Other pretty standard institutional details that pop up in the filing include:
- CSC Delaware Trust Company – the trust company
- U.S. Bancorp Fund Services – transfer agent & administrator
- Paralel Distributors – marketing agent
- U.S. Bank NA – cash custodian
All these updates suggest CoinShares is really building towards a successful SEC review, just as expected.
Latest: CoinShares makes a pivotal move to launch the maiden US spot XRP ETF! Awaiting a vital SEC ruling, this leap could redefine institutional access to XRP. Get the full scoop here. #XRPL #CryptoExchange pic.twitter.com/YDGnbh7l2N
— CoinLaw (@coinlaw_io) October 15, 2025
SEC Decision Due This Week
The SEC is set to announce some final decisions on 6 spot XRP ETFs between Oct 18th and the 25th. Grayscale’s XRP ETF is due this week while CoinShares , 21Shares, Bitwise, WisdomTree and Canary Capital will have their applications looked at next week. It’s possible the SEC might just approve all these applications at the same time – so long as they manage to get the U.S. government shutdown sorted out first.
Institutional investors are getting a bit more optimistic here – XRP’s still showing strong demand even with all this market volatility kicking around. The potential approval of multiple XRP ETFs is a huge deal for the crypto sector – bringing in both retail and institutional interest.
XRP Market Trends & Investor Sentiment
XRP funds saw a pretty significant influx of $61.6 million last week – a clear sign of strong investor confidence – even with the market downturn. Right now at the time of reporting:
- XRP is trading above $2.50 – even seeing a 1% rebound over the last 24 hours.
- 24 hour trading range is a bit of a mixed bag – from $2.41 to $2.53
- Trading volume has actually decreased by 20% in the last 24 hours
Market analysts are saying that approval of all these ETFs will only help to further stabilize XRP’s price – while also helping get more and more institutional players on board. Given all this momentum its starting to look like the launch of the CoinShares XRP ETF might well come at just the right time for investor activity to really take off.
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