The price outlook of Ripple-associated XRP saw a boost as soon as the news of 21Shares’s XRP ETF filing became public. ETF Store President Nate Geraci took to X to announce the recent ETF development. The investment asset management firm is seeking approval from the US SEC to list the product on the Cboe Exchange….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 21Shares, a crypto investment firm, is making waves in the crypto market by seeking regulatory approval for a spot XRP exchange-traded fund (ETF). This move aligns with a growing trend among various firms eager to expand their crypto offerings in the wake of recent SEC approvals. Paving the Way…
Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares submitted an S-1 form to register its Core XRP Trust shares for listing on the Cboe BZX Exchange. Coinbase, the largest crypto exchange…
Following the lead of several firms that have already taken the step, 21Shares has become the latest to file for an XRP ETF with the US Securities and Exchange Commission (SEC). Indeed, a filing made Friday has the firm looking to issue the investment product for Ripple’s native cryptocurrency. 21Shares has now become the third…
21Shares, a crypto investment firm, has called on the European Securities and Markets Authority (ESMA) to establish standardized regulations for incorporating crypto into UCITS (Undertakings for Collective Investment in Transferable Securities) funds, according to an Oct. 7 statement. The firm noted that the current approach lacks consistency and causes confusion for retail and institutional investors…
21.co and Crypto.com announced a strategic partnership aimed at bolstering liquidity for the wrapped Bitcoin token 21BTC. The partnership also aims at enhancing accessibility for the token. Crypto.com and 21.co, the parent company of 21Shares, have announced a strategic alliance that will see the latter tap into the cryptocurrency exchange to enhance its Wrapped Bitcoin…
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s…
Asset manager 21Shares has added Anchorage Digital Bank and BitGo as custodians for its spot crypto exchange-traded funds (ETFs) — the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). According to a Sept. 12 statement, Anchorage Digital Bank and BitGo will now work alongside current custodian Coinbase to enhance 21Shares’ spot…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Anchorage Digital, the only U.S. federally chartered crypto bank, announced earlier today that it will provide custody services for 21Shares’ new Exchange-Traded Funds (ETFs). The digital investment products are the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). In a press statement, Anchorage Digital CEO…
21Shares launches 21BTC, a Bitcoin wrapper on Ethereum. 21BTC simplifies cross-chain transactions for Ethereum-based DeFi. 21Shares has officially launched 21BTC, a new Bitcoin wrapper on the Ethereum network. This product allows users to access Bitcoin’s value while utilizing the diverse functionalities of Ethereum’s decentralized finance (DeFi) ecosystem. By introducing 21BTC, 21Shares aims to bridge the…
According to a Sept. 3 statement, 21.co, the parent company of 21Shares, has introduced its Wrapped Bitcoin product (21BTC) on the Ethereum blockchain. The company stated that it was collaborating with Flow Traders, a leading global market maker, to launch a product that would give customers “peace of mind as they explore decentralized applications and…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a significant development, the United States Securities and Exchange Commission (SEC) has rejected several 19b-4 applications. According to a source familiar with the matter, the Cboe BZX Exchange submitted an application on behalf of two potential issuers for a spot Solana Exchange-Traded Fund (ETF). SEC Denial Comes Amid…