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International Business Times
International Business Times
Business
Marvie Basilan

CoinShares Files For $XRP ETF Amid Bitcoiner Bombardment Of Ripple

Ripple Bitcoin CoinShares XRP ETF Donald Trump SEC Pierre Rochard Crypto United States
$XRP is the native token of the XRP Ledger (Credit: Ripple on X / Video Screenshot)

KEY POINTS

  • $XRP prices plummeted over the weekend, with the token trading below $3 as of early Monday
  • Bitcoiners have been hot on the heels of Ripple over its alleged lobbying against a strategic Bitcoin reserve
  • $XRP Army members believe the negativity stems from Bitcoin maximalists seeing $XRP as a potential threat to $BTC

Leading European digital asset manager CoinShares has filed with the U.S. Securities and Exchange Commission (SEC) for an XRP exchange-traded fund (ETF), becoming one of several financial institutions that have applied with the regulator to issue ETFs tracking the price of XRP, the XRP Ledger's native cryptocurrency.

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