Nasdaq has approached the U.S. SEC with an application to list and trade two new ETFs from CoinShares, focused on XRP and Litecoin.
Nasdaq's New Filing
On January 20, Nasdaq submitted a filing known as 19b-4, required to introduce new financial products like cryptocurrency ETFs.
CoinShares' Next Steps
In January, CoinShares submitted an S-1 form for the launch of XRP and Litecoin ETFs, following its successful Bitcoin and Ethereum ETF launches last year.
Regulatory Changes and Crypto Interest
Nasdaq's actions reflect growing confidence from investors and exchanges in the crypto market's growth. Bloomberg highlighted a potential approval of the first altcoin ETFs under the Trump administration. The increased optimism for new ETF launches is aided by the positive regulatory stance on cryptocurrencies.
The active involvement of major players like Nasdaq and CoinShares indicates significant shifts in the perception and regulation of cryptocurrency products in the USA.
