In a latest development, Nasdaq has officially submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the CoinShares XRP ETF Trust. 

Notably, the filing, submitted on February 10, represents a significant move toward institutional adoption of XRP. This proposal seeks to list and facilitate the trading of shares for the CoinShares XRP ETF Trust.

This could boost XRP liquidity, attract fresh capital, and potentially cause a short-term price pump as traders eye regulatory approval and increased market exposure.

The CoinShares XRP ETF proposal is part of a trend of similar filings for cryptocurrency-based exchange-traded products. If approved, it would give both institutional and retail investors a regulated way to invest in XRP without owning the asset directly.

If the SEC approves the listing, it could increase access to XRP, boosting liquidity and investor interest. Analysts are watching closely, as this could set a precedent for future crypto ETFs and attract more institutional investment. This development is key for both Nasdaq and cryptocurrency stakeholders, reflecting the evolving regulation of digital assets.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed