On Friday, Nasdaq released an official filing displaying the listings and trading of the CoinShares XRP and Litecoin ETFs 19b-4 forms. This filing adds to the list of competitors to the United States XRP ETFs, with the CBOE BZX Exchange currently in first place. The increasing enthusiasm surrounding XRP ETFs is remarkable. 21Shares, Bitwise, Canary Capital, and WisdomTree have all submitted spot XRP ETF requests to the SEC through the Cboe BZX Exchange. Such ETFs, if approved, would allow institutional investors to use XRP and add to their portfolio without owning any form of the crypto, thus increasing and enhancing the liquidity of XRPs in the market. Analysts at JPMorgan suggested, however, that the net new assets from the introduction of spot XRP ETFs could be as high as $8 billion, with the price of XRP rising in correlation to $5 within the first year.
