CoinShares Litecoin and XRP ETF Filings Recognized by US Securities and Exchange Commission

The US Securities and Exchange Commission (SEC) has officially acknowledged 19b-4 documents filed by the Nasdaq on behalf of CoinShares to list spot exchange-traded funds based on Litecoin and XRP.

What are 19b-4 Forms?

19b-4 forms, also known as proposed rule changes, account for one step in a two-part process for listing and trading new investment products. Registration of securities, or S-1 filings, typically form the other half, filed directly by prospective issuers.

CoinShares ETF Filings and Public Feedback

After adding the CoinShares Litecoin ETF and CoinShares XRP ETF to the Federal Register, the SEC will initiate a 21-day comment period for public feedback on the filings. This is a crucial step in the approval process, allowing the public to provide input on the proposed investment products.

Crypto ETFs on Wall Street

Issuers are setting their sights on new crypto ETFs on Wall Street, following the massive success of spot Bitcoin and spot Ethereum ETFs last year. The growing interest in cryptocurrency investment products has encouraged firms to explore new opportunities.

Approval Odds for Litecoin and XRP ETFs

Bloomberg analysts Eric Balchunas and James Seyffart estimate a 90% chance that the SEC will approve Litecoin exchange-traded funds. For XRP products, the analysts estimate a 65% probability of approval.

Our official alt coin ETF approval odds are out. Litecoin leads w 90% chance, then Doge, followed by Solana and XRP.

Tips for Investors:

  • Stay informed about the latest developments in crypto ETFs and their approval status.
  • Understand the differences between spot and futures-based ETFs.
  • Consider diversifying your investment portfolio to minimize risk.

For more news and updates on the world of cryptocurrencies and investing, visit Global Crypto News.

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