BlockBeats News, on November 2, according to documents from the U.S. Securities and Exchange Commission (SEC), 21Shares has submitted an S-1 application to launch the first XRP ETF "21Shares Core XRP Trust".

The fund will track the price of XRP and plans to list on the Cboe BZX exchange. The trust does not involve leverage or derivatives, and aims to reflect the dollar performance of XRP through the CME CF Ripple-Dollar Reference Rate (New York version). Coinbase Custody will serve as the custodian of XRP for the trust, responsible for safeguarding all assets.