21Shares 参与推出 XRP ETF 的竞赛，瞄准日益增长的投资者兴趣

21Shares 是交易所交易基金 (ETF) 行业的知名发行人，最近加入了推出基于 XRP 的 ETF 的竞赛

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.

领先的交易所交易基金 (ETF) 发行人 21Shares 已向美国证券交易委员会 (SEC) 提交申请，推出一款追踪 XRP（与 Ripple 挂钩的数字资产）价格的 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.

根据周五提交的文件，如果获得批准，21Shares Core XRP Trust 将在 Cboe BZX 交易所上市。此次上市将使投资者能够通过受监管的交易平台获得 XRP 的投资，从而可能使更广泛的投资者更容易、更安全地获取数字资产。

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.

随着主流市场对加密货币相关投资产品的需求持续增长，越来越多的金融公司竞相推出与加密货币相关的 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.

该文件是在加密货币指数基金管理公司 Bitwise 今年早些时候申请推出 XRP ETF 之后提交的。目前已知至少有 3 家公司正在寻求 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 的批准将进一步扩大该公司在美国以加密货币为重点的投资产品阵容。21Shares 已经提供跟踪比特币、以太坊和其他几种数字资产的 ETF，这些资产在包括纽约证券交易所在内的各个交易所上市。

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.

拟议的 21Shares XRP ETF 旨在通过最近推出的 CME CF 瑞波美元实时指数 (XRPUSD_RTI) 来复制 XRP 代币的表现。该指数提供 XRP 兑美元的最新定价数据，使 ETF 能够跟踪 XRP 的实时市场价值。

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.

通过使用该指数，该 ETF 旨在以受监管和透明的形式为投资者提供准确的 XRP 表现风险敞口，从而增强传统市场中加密资产跟踪的可靠性。

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 将其拟议的 XRP ETF 定位为投资者获得 XRP 投资的一种比直接购买和持有该代币更“经济高效的方式”。这种方法可以降低与直接拥有加密货币相关的某些复杂性和成本，例如存储和托管。

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 还强调 XRP 不应被视为一种证券，这一点与 Ripple 法律案件的最新进展相符。与此同时，美国证券交易委员会 (SEC) 最近表示，作为 Ripple 案件上诉的一部分，它不会对该代币的法律分类提出异议，这表明对围绕 XRP 的监管挑战采取谨慎态度。

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.

令许多人惊讶的是，尽管 SEC 与 Ripple 正在进行法律斗争，但 SEC 尚未完全解决 XRP 作为证券的地位。这种缺乏明确性为寻求推出 XRP ETF 的金融公司提供了独特的机会，因为 SEC 对此事的立场可能最终决定这些产品的命运。

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，该文件确实包含了一些潜在投资者需要考虑的风险因素。这些风险包括 XRP 流通供应量增加的可能性，这可能会影响其价格；市场操纵风险； XRP Ledger (XRPL) 内的潜在分叉可能会影响资产的稳定性。另一个值得注意的风险是“最终决定”将 XRP 视为证券的可能性，这可能会带来重大的监管影响。