As a seasoned crypto investor with a knack for spotting trends and staying ahead of the curve, I find myself both intrigued and cautiously optimistic about the recent move by 21Shares to file for an XRP ETF with the US SEC. Having navigated the tumultuous waters of this industry for years, I’ve seen my fair share of regulatory hurdles and delays, but each new application serves as a reminder that we are moving closer to mainstream adoption.
21Shares seeks approval from the U.S. Securities and Exchange Commission (SEC) to launch a exchange-traded fund (ETF) based on XRP, making it one of the latest companies to do so. This action further intensifies the pressure on the SEC to address the pending applications from other asset managers aiming to introduce similar funds.
21Shares Files For XRP ETF With US SEC
21Shares has submitted paperwork to the U.S. Securities and Exchange Commission (SEC) for the launch of ’21Shares Core XRP TRUST.’ This trust aims to mirror the performance of the XRP digital coin, providing institutional investors with a method to invest in cryptocurrency. By doing so, 21Shares follows in the footsteps of Bitwise and Canary Capital, who have also submitted their registration statements to the SEC for an XRP Exchange-Traded Fund (ETF).
It’s noteworthy that 21 Shares previously submitted an application with the U.S. Securities and Exchange Commission (SEC) for a Spot Solana Exchange-Traded Fund (ETF). However, it appears this application may have been denied, as the SEC continues to harbor concerns about the security classification of Solana.
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2024-11-01 19:29