Coinshares XRP ETF Targets Nasdaq Listing With Index-Tracked Exposure

• CoinShares files an XRP ETF to list on Nasdaq under the ticker XRPL
• The ETF will hold XRP and track the Compass Crypto Reference Index
• Public companies hold $11.5 billion in XRP, showing institutional confidence

CoinShares is moving to offer U.S. investors regulated access to XRP by filing to list the CoinShares XRP ETF on Nasdaq under the ticker XRPL. The ETF will provide shares that reflect the value of XRP, the cryptocurrency native to the XRP Ledger blockchain.

How the ETF Works

The ETF, called the CoinShares XRP Trust, will hold XRP and track the Compass Crypto Reference Index 4pm New York XRP, minus the fund’s fees and expenses. Each share represents a fraction of the XRP held in the fund.

Shares will be traded under the ticker XRPL. Investors can buy and sell through their brokers. Authorized financial firms, called Authorized Participants, will crea…

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