21Shares Launches First XRP ETF: The 21Shares Core XRP Trust Set to Track XRP Prices on Cboe BZX

On November 2, COINOTAG highlighted an important development in the cryptocurrency realm as disclosed by the U.S. Securities and Exchange Commission (SEC). 21Shares has filed an S-1 registration statement for the anticipated launch of the 21Shares Core XRP Trust, marking a significant step towards the establishment of the first XRP Exchange-Traded Fund (ETF). This innovative fund is designed to track the price movements of XRP and intends to be listed on the prestigious Cboe BZX exchange. Notably, the trust will operate without any leverage or derivatives, focusing solely on mirroring XRP’s performance against the U.S. dollar through the CME CF Ripple-Dollar reference rate. Additionally, Coinbase Custody has been appointed as the custodian for the assets held within the trust, ensuring robust security measures for investor assets.