21Shares has become the latest asset manager to file with the US Securities and Exchange Commission (SEC) to offer an XRP ETF. This again mounts pressure on the Commission to finally respond to the pending applications from the other asset managers who have applied to offer this fund.
21Shares Files For XRP ETF With US SEC
The asset manager filed with the US SEC to offer the ’21Shares Core XRP TRUST,’ which will track the performance of the XRP coin and offer institutional investors a means to gain exposure to the crypto. 21Shares joins Bitwise and Canary Capital who have already filed their registration statement with the Commission to also offer an XRP ETF.
It is worth mentioning that 21 Shares had before now filed with the US SEC to offer a Spot Solana ETF although that application looks to have been rejected as the Commission still has doubts over Solana’s security status.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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