21Shares 參與推出 XRP ETF 的競賽，瞄準日益增長的投資者興趣

21Shares 是交易所交易基金 (ETF) 行業的知名發行人，最近加入了推出基於 XRP 的 ETF 的競賽

21Shares, a leading exchange-traded fund (ETF) issuer, has filed with the U.S. Securities and Exchange Commission (SEC) to launch an ETF tracking the price of XRP, the digital asset linked to Ripple.

領先的交易所交易基金 (ETF) 發行人 21Shares 已向美國證券交易委員會 (SEC) 提交申請，推出一款追蹤 XRP（與 Ripple 掛鉤的數位資產）價格的 ETF。

According to the filing, which was made on Friday, the 21Shares Core XRP Trust will be listed on the Cboe BZX Exchange if approved. This listing would allow investors to gain exposure to XRP through a regulated exchange platform, potentially making it easier and more secure for a broader range of investors to access the digital asset.

根據週五提交的文件，如果獲得批准，21Shares Core XRP Trust 將在 Cboe BZX 交易所上市。此次上市將使投資者能夠透過受監管的交易平台獲得 XRP 的投資，從而可能使更廣泛的投資者更容易、更安全地獲取數位資產。

21Shares is joining a growing list of financial firms vying to introduce ETFs tied to cryptocurrencies as demand for crypto-related investment products continues to grow in mainstream markets.

隨著主流市場對加密貨幣相關投資產品的需求持續成長，越來越多的金融公司競相推出與加密貨幣相關的 ETF，21Shares 也加入其中。

The filing comes after Bitwise, a cryptocurrency index fund manager, filed to launch an XRP ETF earlier this year. In total, at least three firms are now known to be seeking approval for XRP ETFs from the SEC.

該文件是在加密貨幣指數基金管理公司 Bitwise 今年稍早申請推出 XRP ETF 之後提交的。目前已知至少有 3 家公司正在尋求 SEC 批准 XRP ETF。

Approval for the 21Shares XRP ETF would further expand the firm's lineup of cryptocurrency-focused investment products in the U.S. 21Shares already offers ETFs tracking Bitcoin, Ethereum, and several other digital assets, which are listed on various exchanges including the New York Stock Exchange.

21Shares XRP ETF 的批准將進一步擴大該公司在美國以加密貨幣為重點的投資產品陣容。的各個交易所上市。

The proposed 21Shares XRP ETF aims to replicate the performance of the XRP token by relying on the recently launched CME CF Ripple-Dollar Real-Time Index (XRPUSD_RTI). This index provides up-to-the-minute pricing data for XRP against the U.S. dollar, enabling the ETF to track XRP’s real-time market value.

擬議的 21Shares XRP ETF 旨在透過最近推出的 CME CF 瑞波美元即時指數 (XRPUSD_RTI) 來複製 XRP 代幣的表現。該指數提供 XRP 兌美元的最新定價數據，使 ETF 能夠追蹤 XRP 的即時市場價值。

By using this index, the ETF seeks to offer investors accurate exposure to XRP’s performance in a regulated and transparent format, bringing enhanced reliability to crypto asset tracking in traditional markets.

透過使用該指數，該 ETF 旨在以受監管和透明的形式為投資者提供準確的 XRP 表現敞口，從而提高傳統市場中加密資產追蹤的可靠性。

Furthermore, 21Shares has positioned its proposed XRP ETF as a more “cost-efficient way” for investors to gain exposure to XRP than by directly purchasing and holding the token. This approach could reduce certain complexities and costs associated with directly owning cryptocurrency, such as storage and custody.

此外，21Shares 將其擬議的 XRP ETF 定位為投資者獲得 XRP 投資的一種比直接購買和持有該代幣更「經濟高效的方式」。這種方法可以降低與直接擁有加密貨幣相關的某些複雜性和成本，例如儲存和託管。

In the filing, 21Shares also underscores that XRP should not be viewed as a security, a point that aligns with recent developments in the Ripple legal case. Meanwhile, the SEC recently indicated it would not contest the token’s legal classification as part of its appeal in the case involving Ripple, signaling a cautious approach to regulatory challenges surrounding XRP.

在文件中，21Shares 也強調 XRP 不應被視為一種證券，這一點與 Ripple 法律案件的最新進展相符。同時，美國證券交易委員會 (SEC) 最近表示，作為 Ripple 案件上訴的一部分，它不會對該代幣的法律分類提出異議，這表明對圍繞 XRP 的監管挑戰採取謹慎態度。

To the surprise of many, XRP’s status as a security has not been fully addressed by the SEC despite the agency’s ongoing legal battle with Ripple. This lack of clarity has presented a unique opportunity for financial firms seeking to launch XRP ETFs, as the SEC’s stance on the matter could ultimately determine the fate of these products.

令許多人驚訝的是，儘管 SEC 與 Ripple 正在進行法律鬥爭，但 SEC 尚未完全解決 XRP 作為證券的地位。這種缺乏明確性為尋求推出 XRP ETF 的金融公司提供了獨特的機會，因為 SEC 對此事的立場可能最終決定這些產品的命運。

However, the filing does include several risk factors for potential investors to consider. These risks include the possibility of an increase in XRP’s circulating supply, which could affect its price; risks of market manipulation; and potential forks within the XRP Ledger (XRPL) that could impact the asset’s stability. Another noted risk is the chance of a “final determination” deeming XRP a security, which could introduce significant regulatory implications.

然而，該文件確實包含了一些潛在投資者需要考慮的風險因素。這些風險包括 XRP 流通供應量增加的可能性，可能會影響其價格；市場操縱風險； XRP Ledger (XRPL) 內的潛在分叉可能會影響資產的穩定性。另一個值得注意的風險是「最終決定」將 XRP 視為證券的可能性，這可能會帶來重大的監管影響。