21shares files Form S-1 with SEC for spot XRP ETF
Summary
21Shares has filed for SEC approval of a spot XRP ETF to be listed on the Cboe BZX Exchange. The ETF offers indirect market access to XRP, with Coinbase Custody Trust Company as the custodian. Other firms like Bitwise have also filed for XRP ETFs. The SEC has approved spot Bitcoin and Ether ETFs but has not yet responded to XRP ETF applications, partly due to its ongoing lawsuit with Ripple Labs. The SEC can delay decisions on ETF filings, and potential changes in SEC leadership could impact future approvals. Other firms have also applied for Solana and Litecoin ETFs.
