Nasdaq Moves to List CoinShares XRP and Litecoin ETFs

Highlights:

• Nasdaq has submitted a 19b-4 application to the SEC for XRP and Litecoin ETFs.
• The ETFs will boost LTC and XRP customers’ exposure.
• Market experts speculate that Litecoin ETF approval will happen before XRP’s.

American-based financial services provider Nasdaq has presented a 19b-4 application to the United States Securities and Exchange Commission (SEC) to list and trade two Coinshares ETF entities. The commodities involved in Nasdaq’s latest application were Ripple’s XRP and Litecoin (LTC) ETFs.

The new filing comes a few days after Coinshares had tendered S-1 filings for spot Litecoin and XRP ETFs to the SEC. It is worth noting that the bold step taken by the American company is part of concentrated efforts to increase LTC and XRP exposure to customers. By doing so, it is also expanding Coinshares’ presence in the United States digital market.

Moreover, the crypto regulatory landscape in the US is already taking a drastic shape that would favor crypto-related projects. Therefore, it is unsurprising that market participants are rallying to take advantage of the new wave of favorable guidelines, evidenced by new token listings and several applications for ETF approvals.

NASDAQ FILES FOR COINSHARES LITCOIN AND XRP ETFS WITH THE SEC

– CryptoBriefing reported that Nasdaq has officially submitted 19b-4 forms to the SEC to list and trade two exchange-traded products from CoinShares: the CoinShares XRP ETF and CoinShares Litecoin ETF.

– These funds… https://t.co/xdasUlqanb pic.twitter.com/vvAAhYbzlv

— BSCN (@BSCNews) February 10, 2025

Market Experts Predict that Litecoin ETF Approval Will Likely Happen Before XRP’s

It is no longer news that XRP, Litecoin, and even Solana (SOL) have been generating waves based on potential ETF approval happening this year. Among these tokens, most market experts seemed convinced that a Litecoin ETF approval appears imminent relative to XRP and Solana.

The above belief is attributed to Litecoin’s similarity to Bitcoin. Also, in the past, the Commodity Futures Trading Commission (CFTC) labeled Litecoin a commodity asset in a lawsuit involving KuCoin. The commodity tag exempted Litecoin from the SEC’s security asset lawsuit, unlike XRP and Solana, which are still on the run following a protracted lawsuit with the SEC.

The current regulatory environment and institutional interest suggest that Litecoin might secure ETF approval before XRP. Litecoin's classification as a commodity, absence of legal hurdles, and Bitcoin-like characteristics provide a smoother path for approval. XRP, despite its…

— Jeremy Martinus (@JeremyMartinus) February 10, 2025

Corroborating the above claims, Eric Balchunas, a senior analyst at Bloomberg, stated:

“Litecoin ETF now has all the boxes checked. The first altcoin ETF of 2025 is about to be on the clock. I don’t see any reason why this would be withdrawn given SEC gave comments on the S-1, Litecoin is seen as a commodity, and there’s a new SEC sheriff in town.”

XRP and Litecoin ETFs Approval Odds Soar on Polymarket

While market analysts seemed convinced that Litecoin ETF approval would likely happen before XRP, the odds for both ETFs’ endorsement have soared considerably on the popular betting platform Polymarket. According to the data retrieved from the website, the chances of Ripple’s XRP gaining approval this year was 81%, reflecting a 12% increment in a month-to-date timeline.

On the other hand, Litecoin’s ETF approval odds in 2025 were similar to XRP, with an 81% endorsement chance. However, the odds have jumped tremendously over the past month, with a 41% approval tendency. These statistics underscore Litecoin’s perceived ETF approval possibilities this year.

Expert Predicts $128 as LTC’s Next Target Following Earlier Rally

In one of its recent publications, Crypto2Community reported that Litecoin rallied by about 9% to reach $117 in selling price. The price increment happened amid growing ETF approval speculations, which a market analyst, Carl Moon, noted could result in higher price appreciation.

According to the expert, LTC has broken above an ascending triangle. Therefore, it is on the verge of a 17% surge that would eventually result in reaching a $128 price target. Meanwhile, at the time of writing, Litecoin is priced at $118.17, reflecting a 9.8% surge in the past 24 hours.