SEC Nears Decision as CoinShares Updates XRP ETF Details

CoinShares filed an updated XRP ETF application revealing XRPL as its ticker and confirmed BitGo as custodian and Valkyrie as investor.

The SEC’s decision window for multiple spot XRP ETFs, including CoinShares and Grayscale, spans from October 18 to October 25.

XRP funds saw $61.6 million in inflows last week as institutional investors anticipate approval of several XRP exchange-traded funds.

CoinShares has revised its spot XRP ETF filing with the U.S. Securities and Exchange Commission, adding new information as it prepares for a potential Nasdaq listing. The updated S-1 filing, submitted on October 14, reveals “XRPL” as the proposed ticker and names several key partners, signaling that the launch process is progressing rapidly.

According to the filing, BitGo will serve as the ETF’s custodian, while Valkyrie Funds LLC will act as the seed capital investor. The trust will also include CSC Delaware Trust Company as trustee, U.S. Bancorp Fund Services as transfer agent and administrator, and Paralel Distributors as the marketing agent. Additionally, U.S. Bank NA will manage the trust’s cash holdings.

Management Fee and Staking Policy Clarified

CoinShares has not yet disclosed its management fee but hinted that it may be payable in XRP. The final fee structure will likely depend on what other issuers announce. The filing confirms that the trust will not participate in any staking programs, meaning shareholders will not receive staking rewards or related income. This clarification aligns with the SEC’s cautious stance toward staking-related financial products.

The SEC is expected to announce its final decision on CoinShares’ XRP ETF next week. Grayscale’s XRP ETF faces a final decision deadline later this week, while applications from 21Shares, Bitwise, WisdomTree, and Canary Capital are scheduled for review between October 18 and 25. Market observers believe the commission could approve multiple XRP ETFs together, depending on government operations.

Market Reaction and Investor Sentiment

Institutional interest in XRP remains strong ahead of the regulatory decision. XRP investment funds recorded $61.6 million in inflows last week despite a broad crypto market downturn. The token’s price has stabilized above $2.50, reflecting continued investor confidence in potential ETF approvals and growing institutional participation.

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