CoinShares XRP ETF Filed for New Registration to Compete with Other Companies

CoinShares XRP ETF Filed for New Registration to Compete with Other Companies

Key Points:

  • CoinShares XRP ETF has been promoted to provide easier access to crypto investments alongside other firms like Bitwise and WisdomTree.
  • The appointment of Paul Atkins as SEC chair under President Trump’s administration is fueling expectations for a more crypto-friendly regulatory approach.

The crypto markets are abuzz with speculation as more and more asset managers continue their aggressive expansion efforts in the altcoin-focused ETF space. In that vein, one of the newest moves is CoinShares XRP ETF.

Read more: WisdomTree Spot XRP ETF Seeks SEC Approval With S-1 Application

CoinShares XRP ETF Joins Growing ETF Movement

CoinShares’ application joins the list of other firsts in filing for an XRP ETF, including such big players as Bitwise, Canary Funds, WisdomTree, and 21Shares, all targeting XRP with similar funds. This proves the increasing interest in alternative investment means connected with cryptocurrencies.

The CoinShares XRP ETF filing marks a juncture of great consequence to U.S. politics, many anticipate a switch in regulatory approach with President Trump’s presidency, having come into office on January 20, 2025.

Ripple’s Legal Challenges Slowly Get Solved

Such hope that the US Securities and Exchange Commission might finally turn crypto-friendly gets a significant boost from the appointment of Paul Atkins, the commissioner famously supportive of cryptocurrency, to the position of the new chair. The latest development came against the backdrop of the recent exit of former SEC chair Gary Gensler.

Meanwhile, the legal disputes related to Ripple’s case remain in the spotlight. On January 24, Ripple filed for an extension to the appeal-related reply brief, which is now due on April 16.

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