Nasdaq has filed with the SEC to list the CoinShares XRP ETF, highlighting the decentralized and liquid nature of XRP.
The proposed ETF would allow investors to gain exposure to XRP without directly holding the asset, promoting institutional adoption.
Nasdaq argues that XRP's decentralized network and liquidity make it harder to manipulate than Bitcoin or Ethereum.
The potential approval of the XRP ETF could redefine its position in institutional finance, with growing institutional interest and positive market sentiment.