XRP ETF Coming Soon? 21Shares Files For One Despite Ripple’s Legal Battles

Investment firm 21Shares submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot XRP (CRYPTO: XRP) exchange-traded fund (ETF).

What Happened: 21Shares filed an S-1 registration statement with the SEC on Friday proposing a fund, named the 21Shares Core XRP Trust to be listed on the Cboe BZX Exchange. Coinbase Custody Trust Company is expected to serve as the fund’s custodian.

This move is part of 21Shares’ ongoing efforts to expand U.S. investor access to the cryptocurrency asset class. The firm joins a growing …

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