On November 1, 2024, 21Shares, a leading Swiss-based cryptocurrency exchange-traded fund (ETF) issuer, took a groundbreaking step by filing an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to introduce the first-ever spot XRP ETF in the United States. This proposed ETF, officially named the 21Shares Core XRP Trust, is designed to grant U.S. investors direct exposure to XRP, the prominent digital asset closely tied to Ripple.
Should the SEC approve this filing, the ETF would debut on the Cboe BZX Exchange, a significant milestone in crypto ETFs, with Coinbase Custody Trust Company appointed as the secure custodian for the fund’s XRP holdings. This filing marks a bold move by 21Shares, highlighting the increasing momentum for regulated cryptocurrency investment products in the U.S.
