21Shares Files Form S-1 for Spot XRP ETF with SEC

Nov 1, 2024, 04:50 PM

21Shares, a major issuer of exchange-traded funds (ETFs), has officially filed for a spot $XRP ETF with the U.S. Securities and Exchange Commission (SEC). The proposed ETF, named the '21Shares Core XRP Trust,' aims to be listed on the Cboe BZX Exchange and will be custodied by Coinbase Custody Trust Company. This filing makes 21Shares the third company to seek SEC approval for an XRP ETF, following Canary Capital and Bitwise. The move comes amid growing interest in crypto-backed ETFs, as firms seek to expand U.S. investors' access to crypto assets. 21Shares submitted Form S-1 as part of the filing.