Nasdaq Files to List XRP ETF, Stating XRP Is Hard to Manipulate

Article in summary: Nasdaq has officially filed with the SEC to list the Coinshares XRP ETF, arguing that XRP’s decentralized structure and deep liquidity make it difficult to manipulate. The ETF will function as a Delaware Statutory Trust, holding only XRP and cash, allowing investors to gain exposure to XRP without direct ownership.

Key points from the filing:

• ⁠The ETF’s value will track the Compass Crypto Reference Index XRP (4 PM NY time). • ⁠XRP will be securely stored by a third-party custodian to ensure safety. • ⁠Nasdaq argues that XRP is less prone to manipulation than other digital assets previously approved for ETFs, such as Bitcoin and Ethereum. • ⁠The SEC is now reviewing the proposal and seeking public comments before making a decision.

This move could significantly impact XRP’s market adoption, providing regulated institutional access to the asset and potentially increasing trading volumes. If approved, this ETF could mark a major milestone in XRP’s journey toward mainstream financial integration.

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