Key takeout
- NASDAQ plans to list and trade Coin Share XRP and Litecoin ETFs.
- Litecoin ETFs have a higher chance of launches as they have fewer regulatory hurdles.
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Nasdaq has officially filed the 19B-4 form with the SEC to list and trade two exchange-sold products from Coinshares, Coinshares XRP ETFs and Litecoin ETFs. The proposed funds provide investor exposure to two established crypto assets: XRP and Litecoin (LTC).
Large European digital asset investment companies are looking to leverage lucrative regulatory changes signaled by the new administration to expand their presence in the US market with new products.
The update comes after Coinshares filed the S-1 form with the SEC last month, asking for a nod to the restrictions of its Spot XRP and Litecoin ETF.
Not only are coin-shares, but also famous US asset managers line up, hoping to get the green light for their own crypto ETFs.
Last week, CBOE filed four 19B-4 filings with the SEC to request a rule change that allowed trades to list and trades for spot XRP ETFs managed by WisdomTree, BitWise, 21Shares and Canary.
According to Bloomberg ETF analyst Eric Balknath, the Litecoin ETF is on track when it became the first spot Crypto ETF approved during the Trump era.
Compared to other crypto assets in the lineup, Litecoin is not involved in legal disputes with the SEC, and may have a regulatory advantage. Additionally, CFTC labeled Litecoin as a litigation product against crypto exchange Kucoin, thereby exempting it from the SEC's securities regulations.
Polymarket's odds now reflect trader expectations for launches, exceeding 80% of the likelihood of approval for this year's Litecoin ETF.
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