Overview
- CoinShares submitted an S-1 amendment on October 14 seeking to list a spot XRP ETF on Nasdaq under the ticker XRPL.
- BitGo is named as crypto custodian and Valkyrie Funds LLC as the seed capital provider, with CSC Delaware Trust Company as trustee.
- U.S. Bancorp Fund Services is designated as transfer agent and administrator, Paralel Distributors as marketing agent, and U.S. Bank NA as cash custodian.
- The trust is designed to track XRP’s spot price directly and will not participate in staking or other yield-generating activities.
- The management fee has not been disclosed, and the filing indicates it could be payable in XRP, as SEC decisions on multiple XRP ETFs are expected between October 18 and 25 alongside reported $61.6 million in weekly inflows to XRP funds.