Recent developments highlight a significant milestone in the cryptocurrency sector, as reported by COINOTAG. On December 17, PhoenixNews announced that the 21Shares XRP Trust has officially received its registration in Delaware, USA. Established on June 3, 2024, this statutory trust aims to facilitate institutional investment in XRP. The registered agent for this entity, CSC Delaware Trust Company, is based in Wilmington, marking a strategic choice for compliance and governance.
Previously, 21Shares made headlines by submitting an application for the 21Shares Core XRP Trust to the U.S. Securities and Exchange Commission (SEC), aspiring to issue a spot XRP ETF. This financial product is structured to mirror the price movements of XRP, with intentions to list on the Cboe BZX exchange. The recent trust registration could signal a pivotal step towards the anticipated launch of this ETF, potentially transforming investor access and participation in the digital asset market.