The U.S. Securities and Exchange Commission (SEC) has officially acknowledged filings for spot exchange-traded funds (ETFs) for both XRP and Litecoin (LTC) from CoinShares.
The acknowledgment opens a 21-day public comment period following the filings’ publication in the Federal Register. This period allows shareholders to voice their opinions, potentially influencing the SEC’s final decision.
CoinShares: The Journey to ETF Filings Acknowledgement
CoinShares’ proposal states that the XRP ETF will monitor the Compass Crypto Reference Index XRP, while the Litecoin ETF will track a separate Litecoin index from the same source.
The funds will hold only their respective cryptocurrencies and cash without engaging in yield generation or staking activities.
The journey began in January 2025, when CoinShares submitted its initial S-1 registration statement indicating its intent to launch the spot ETFs. On February 10, 2025, Nasdaq submitted 19b-4 forms to the SEC, seeking approval to list and trade CoinShares’ XRP and Litecoin ETFs.
A Brighter XRP and ETF Future?
XRP, particularly, has been at the center of a long-running legal battle with the SEC based on claims that it sold as an unregistered security.
Despite a partial victory in 2023 when a federal judge ruled that XRP programmatic sales to exchanges did not break securities law, the regulatory landscape still seems uncertain.
However, there are positive sentiments about a new crypto task force under Republican SEC Commissioner Hester Peirce, who is tasked with categorizing various “crypto assets” and determining their classification.
Also, the SEC’s approval of spot Bitcoin and Ethereum ETFs earlier in 2025 indicates a shifting SEC perspective towards crypto.
Furthermore, Bloomberg ETF analysts James Seyffart and Eric Balchunas assign a 65% probability of XRP exchange-traded products approval and 78% on Polymarket, reflecting growing confidence in the market.
Approval of XRP and Litecoin ETFs might increase institutional access to alternative cryptocurrencies. After the success of Bitcoin ETFs, which have drawn about $41 billion in inflows since their acceptance, it might also boost capital entering the crypto market.
