21Shares has filed for approval with the U.S. Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF).

- 21Shares filed Form S-1 for Core XRP Trust shares on Nov. 1 and proposes to list them on the Cboe BZX Exchange.

- The trust will offer investors indirect, rather than direct, access to XRP.

- If approved, Coinbase Custody Trust Company will be the custodian of the trust’s XRP holdings.

The SEC approved spot Bitcoin and Ether ETFs in 2024 but has yet to respond to XRP filings.