21Shares has submitted an application with the SEC to launch a spot XRP ETF.
Brad Garlinghouse acknowledges the growing institutional interest in XRP ETFs.
The Ripple CEO slams the SEC for its continued disregard for the court’s authority.
21Shares, the Swiss-based asset manager, has applied to the Securities and Exchange Commission (SEC) to launch a spot XRP ETF. Ripple CEO Brad Garlinghouse acknowledged the rising institutional interest in XRP ETFs and addressed the SEC’s repeated losses against crypto.
The message from the market is clear – institutional interest in XRP products is stronger than ever. @BitwiseInvest, @CanaryFunds, and @21Shares (just this morning!) filed S-1s for XRP ETFs while @Grayscale launched an XRP Trust and filed to convert its multi-asset fund,… https://t.co/d5Icksw4Sj
— Brad Garlinghouse (@bgarlinghouse) November 1, 2024
21Shares submitted a Form S-1 filing to the SEC on November 1, seeking approval to list its Core XRP Trust shares on the Cboe BZX Exchange. The filing aims to allow investors to access the XRP market indirectly. Coinbase Custody Trust Company will be the custodian for the XRP holdings.
21Shares’ m…
The post 21Shares Files for Spot XRP ETF, Ripple CEO Confirms Interest appeared first on Coin Edition.
