XRP ETF Filing Submitted by Nasdaq, Highlighting Security Against Manipulation
Nasdaq has filed a proposal with the SEC to list the Coinshares XRP ETF, offering investors exposure to XRP without direct ownership.
Structured as a Delaware Statutory Trust, the ETF will hold only XRP and cash, with its value tracked daily via the Compass Crypto Reference Index XRP. Nasdaq argues that the ETF provides a regulated and transparent way to invest in XRP while reducing risks tied to direct asset ownership.
The filing also highlights XRP’s strong market depth and decentralized structure, asserting that it is less susceptible to manipulation than other crypto assets. The SEC is now reviewing the proposal and seeking public input before making a decision.
Clever Robot News Desk 12th February 2025
