CoinShares ETF Withdrawal Adds Pressure to XRP Market
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- CoinShares’ ETF withdrawals reduce near-term momentum for U.S. XRP-based products.
- XRP holds a tight range near $2.18 as volatility rises and catalysts remain limited.
- Open interest stays elevated, signaling active leveraged positioning despite retracement.
CoinShares’ decision to withdraw multiple U.S. crypto ETF filings, including its planned XRP ETF, has altered expectations around upcoming altcoin products and has added a new variable to near-term XRP market behavior. The withdrawal, submitted to the Securities and Exchange Commission (SEC), covers the firm’s XRP ETF, Solana staking ETF, and Litecoin ETF.
The step comes as XRP trades through a period of narrowing momentum and higher intraday volatility, while derivatives traders adjust open interest around a compressed price range. The firm is also discontinuing its Bitcoin futures leveraged ETF, signali…
Read The Full Article CoinShares ETF Withdrawal Adds Pressure to XRP Market On Coin Edition.
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