The SEC has approved spot Bitcoin BTC $69,081 and Ether ETH $2,507.71 ETFs in 2024 but has not responded to spot XRP applications from asset managers
Asset manager 21Shares has filed for approval of a spot XRP (XRP) exchange-traded fund (ETF) with the United States Securities and Exchange Commission.
In a Nov. 1 SEC filing, 21Shares filed a Form S-1 for its Core XRP Trust shares to be listed and traded on the Cboe BZX Exchange. According to the filing, the trust "does not provide investors with direct exposure to XRP but offers an ‘opportunity to indirectly access the market.'"
Should approval be granted, the Coinbase Custody Trust Company will act as the custodian for the investment vehicle’s XRP. Other asset management firms, including Bitwise, preceded 21Shares for their XRP ETF filings.
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