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Regulatory filings flood in from Grayscale and CoinShares proposing ETFs tracking XRP, Litecoin and Solana

Regulatory filings flood in from Grayscale and CoinShares proposing ETFs tracking XRP, Litecoin and Solana

The BlockThe Block2025/01/23 16:00
By:The Block

Quick Take The filings come days after President Donald Trump started his four-year term. CoinShares filed registration statements for a “CoinShares Litecoin ETF” as well as a “CoinShares XRP ETF,” while NYSE posted a 19b-4 filing for the “Grayscale Litecoin Trust” on Friday.

Regulatory filings flood in from Grayscale and CoinShares proposing ETFs tracking XRP, Litecoin and Solana image 0

A flurry of spot crypto exchange-traded fund files flooded in on Friday looking to track Litecoin and XRP.

CoinShares filed registration statements for a " CoinShares Litecoin ETF " as well as a " CoinShares XRP ETF " while NYSE posted a 19b-4 filing for the " Grayscale Litecoin Trust ."

NYSE also posted a 19b-4 filing for a Grayscale Solana Trust. Both filings for Grayscale include language around converting trusts to spot ETFs.

The filings come days after President Donald Trump started his four-year term and after former U.S. Securities and Exchange Commissioner Chair Gary Gensler stepped down on Monday. Trump is expected to take a friendlier stance toward crypto, in part by tapping crypto-friendly and former regulator Paul Atkins to lead the SEC.

The agency has approved spot bitcoin ETFs and Ethereum ETFs over the past year, but over the past week, firms have flooded in with proposals from funds based on DOGE among other cryptocurrencies.

The agency could have a regulatory shift in the coming months. The agency recently created a new crypto task force led by SEC Commissioner Hester Peirce, nicknamed "Crypto mom," that will hold roundtables and will also focus on clear rules, "realistic paths to registration," disclosure and "deploy enforcement resources judiciously," according to the agency's statement.


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