Nasdaq has officially submitted 19b-4 filings to the U.S. Securities and Exchange Commission (SEC) to list and trade two cryptocurrency exchange-traded funds (ETFs) from CoinShares, a European digital asset investment firm. The proposed funds, the CoinShares XRP ETF and CoinShares Litecoin ETF aim to provide investors with exposure to XRP and Litecoin, two established digital currencies.
The filings mark CoinShares’ latest effort to expand into the U.S. market, following its S-1 submissions to the SEC last month for the same spot crypto ETFs. The move aligns with a broader trend of institutional players seeking regulatory approval for cryptocurrency investment products.
Litecoin ETF Positioned for Early Approval
Among the proposed funds, the Litecoin ETF appears closest to regulatory approval. Bloomberg ETF analyst Eric Balchunas suggested that Litecoin could become the first altcoin ETF to receive SEC approval under the new administration.
Unlike other cryptocurrencies, Litecoin has largely avoided regulatory disputes with the SEC. The Commodity Futures Trading Commission (CFTC) previously classified Litecoin as a commodity in its case against KuCoin, potentially giving it an advantage in the approval process.
Crypto ETF Market Gains Momentum
CoinShares is not the only firm seeking approval for crypto ETFs. Several major U.S. asset managers, including WisdomTree, Bitwise, 21Shares, and Canary, have filed applications to launch spot XRP ETFs, with Cboe recently submitting four related 19b-4 filings to the SEC.
Polymarket betting odds currently place the likelihood of Litecoin ETF approval in December 2025 at over 80%, reflecting strong market expectations. If approved, the ETFs could mark a significant step in the evolution of cryptocurrency investment products in the United States.The SEC’s decisions on these filings will be closely watched, as they may signal a shift in regulatory attitudes toward crypto-based investment vehicles under the new administration.
