25 Feb 2025
💰SEC Approves Proposed Rule for CoinShares XRP ETF Listing
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the CoinShares XRP ETF Under Nasdaq Rule 5711(d)
Summary
The SEC has published a notice regarding Nasdaq's proposed rule change to list and trade CoinShares XRP ETF shares under Nasdaq Rule 5711(d). This initiative aims to enhance investor access to XRP through a regulated exchange-traded product while addressing regulations to curb market manipulation and protect investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change for listing the CoinShares XRP ETF may provide business opportunities for financial institutions and crypto investors, allowing them regulated access to XRP within a structured framework. It also facilitates compliance with current SEC regulations and trading practices that can affect market integrity and investor protection.