šØ Breaking News: 21Shares Files S-1 With SEC for XRP ETF š
In a significant development, 21Shares, a leading cryptocurrency investment firm, has filed a Form S-1 with the US Securities and Exchange Commission (SEC) š. The filing is for an Exchange-Traded Fund (ETF) that tracks the price of XRP, the native cryptocurrency of the Ripple blockchain š.
šāāļø 21Shares Joins the Race
By filing for an XRP ETF, 21Shares is joining the race to launch a Ripple investment product š. Bitwise and Canary Capital have already filed similar applications with the SEC š.
š What Does This Mean for XRP?
The launch of an XRP ETF could have a significant impact on the price of XRP š. An ETF would provide investors with a regulated and convenient way to gain exposure to XRP, potentially leading to increased demand and higher prices š.
šļø What's Next?
The SEC will review 21Shares' application and may request additional information or modifications š. If approved, the XRP ETF would be listed on a major US exchange, such as the NYSE or NASDAQ š.
š Stay Tuned
The development of an XRP ETF is a significant milestone for the cryptocurrency market š. Stay tuned for further updates on this story and the evolving landscape of cryptocurrency investment products š.