- CoinShares has filed with the SEC for spot ETFs focused on XRP and Litecoin, signaling growing interest in altcoin-based investment products.
- Grayscale is seeking to convert its Solana and Litecoin Trusts into ETFs, intensifying competition in the crypto ETF market.
- The wave of filings reflects increasing efforts to make cryptocurrencies more accessible to mainstream investors.
CoinShares has officially filed with the U.S. Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). The move comes amid a growing wave of interest from financial firms eager to expand crypto-based investment products in the U.S. market—a space that’s been gaining steam since the approval of spot Bitcoin ETFs earlier this year.
Spot XRP ETF: A New Chapter for Crypto?
In its latest push, CoinShares submitted an S-1 registration statement to bring a spot XRP ETF to market. This isn’t just a one-off move; it’s part of a broader trend as firms rush to stake their claims in the rapidly evolving crypto ETF landscape. Spot ETFs are seen as a game-changer, offering institutional investors direct exposure to the underlying cryptocurrency without the hassle of managing it themselves.
But CoinShares didn’t stop there. Alongside its XRP ETF filing, the company also submitted an S-1 for a spot Litecoin ETF on January 25, doubling down on altcoin ETFs. This reflects the rising demand for diversifying beyond Bitcoin and Ethereum into other digital assets with significant market traction.
Meanwhile, Grayscale threw its hat into the ring as well. The firm submitted a 19b-4 filing with the SEC to convert its Solana Trust (GSOL) and Litecoin Trust into ETFs, signaling its intent to stay competitive in the fast-moving ETF space.
A New Wave of Crypto ETFs?
This wave of filings shows just how serious companies are about bringing a wider range of cryptocurrencies into mainstream finance. With XRP, Litecoin, and Solana now in the spotlight, the question isn’t just whether these ETFs will get approved—but what their approval could mean for the broader adoption of digital assets.
It’s clear the crypto ETF race is heating up, and if these filings move forward, they could set the stage for an even bigger shift in how investors engage with cryptocurrencies.
