XRP’s Institutional Leap: CoinShares Files for Nasdaq-Listed XRP ETF
In a significant move for institutional cryptocurrency investment, CoinShares has filed to list an XRP ETF (XRPL) on Nasdaq, signaling growing regulatory acceptance following Ripple's prolonged legal battle with the SEC. The filing outlines a strong operational framework involving BitGo as custodian and Valkyrie Funds LLC as key partners, potentially marking a new era for XRP in U.S. markets.
CoinShares Files XRP ETF for Nasdaq, Boosting Institutional XRP Investment in the U.S.
CoinShares has taken a decisive step toward institutionalizing XRP investment in the U.S. by filing an application to list its XRP ETF (XRPL) on Nasdaq. The move follows a decade-long legal battle between Ripple and the SEC, marking a potential turning point for regulatory acceptance.
The filing reveals a robust operational framework, with BitGo serving as crypto custodian and Valkyrie Funds LLC as seed capital investor. While staking rewards are excluded, the participation of established financial players like U.S. Bancorp and CSC Delaware Trust Company signals growing mainstream confidence in XRP's viability.
Market observers anticipate imminent SEC decisions on multiple XRP ETF applications, with CoinShares' Nasdaq proposal setting a new benchmark for institutional-grade infrastructure. The coming weeks could determine whether XRP joins Bitcoin and ethereum as ETF-approved digital assets.
Ripple Expands Custody Network to Africa Following RLUSD Rollout
Ripple is extending its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa’s largest financial institutions. The deal marks Absa as Ripple’s first major custody client on the continent, signaling rising institutional demand for tokenized assets in emerging markets.
Absa will leverage Ripple’s technology to enhance its digital asset custody capabilities, reflecting a broader trend of traditional finance embracing blockchain solutions. The move follows Ripple’s recent RLUSD stablecoin launch, underscoring the company’s strategic focus on institutional adoption.
Ripple Partners with Absa Bank to Launch Crypto Custody in South Africa
Ripple has secured a pivotal partnership with Absa Bank, one of Africa's largest financial institutions, to introduce institutional-grade cryptocurrency custody services in South Africa. This collaboration marks Ripple's first major digital asset custody venture on the continent, expanding its global reach beyond Europe, the Middle East, Asia-Pacific, and Latin America.
The alliance will leverage Ripple's secure and scalable custody technology to enable Absa to safeguard cryptocurrencies and tokenized assets for its clients. "Africa is undergoing a transformative shift in value storage and exchange," said Reece Merrick, Ripple's Managing Director for the Middle East and Africa. "This partnership underscores our commitment to unlocking the continent's digital asset potential."
XRP Price Faces 25% Downside Risk Amid Bearish Technicals and Whale Selloffs
XRP has confirmed a descending triangle pattern on daily charts, signaling potential for further downside. The token now risks a 25% decline from current levels as macroeconomic headwinds and institutional selling pressure mount.
Whale wallets have been actively offloading holdings, exacerbating the 12% weekly price drop. Market sentiment remains fragile with the crypto Fear and Greed Index reflecting growing anxiety among traders.
Broader risk-off sentiment stems from unresolved US-China trade tensions and anticipation around Federal Reserve policy signals. Regulatory delays for spot XRP ETFs in the US market have further dampened investor enthusiasm.
XRP Price Volatility Intensifies Amid Market Turmoil
XRP has entered a period of extreme volatility, with its price plunging 44% intraday on October 10 following macroeconomic shocks. The selloff coincided with former President Trump's threat of 100% tariffs on China, triggering a broad risk-off movement across crypto and traditional markets. Binance data reveals $19 billion in Leveraged positions were liquidated during the event.
Whale activity suggests strategic repositioning, with large holders moving XRP to exchanges during the downturn—a pattern historically associated with sell pressure. The cryptocurrency has since stabilized between $2.40-$2.60, though exchange inflows indicate continued caution among major investors.
Volatility Shares Files for 5x Leveraged XRP ETF
Volatility Shares has submitted a filing to the U.S. SEC for a 5x leveraged XRP ETF, marking one of the most aggressive crypto investment products to date. The fund aims to amplify XRP's daily price movements fivefold, offering outsized gains—or losses—for traders willing to stomach extreme volatility.
The proposal extends beyond crypto, including 5x leveraged ETFs tied to traditional finance giants like Alphabet and MicroStrategy. Analysts warn the product carries unprecedented risk, as daily resets and leverage decay could erode returns over time. Retail investors are advised to approach with caution.
XRP's existing volatility—coupled with 5x leverage—creates a speculative instrument squarely targeting short-term traders. The MOVE signals growing institutional appetite for high-risk crypto derivatives, despite regulatory uncertainties.
