21Shares submits XRP ETF application to the US SEC

On November 2, according to public documents from the U.S. Securities and Exchange Commission (SEC), 21Shares has submitted an S-1 application, planning to launch the first XRP ETF "21Shares Core XRP Trust".

The fund will track the price of XRP and plans to be listed on the Cboe BZX Exchange. The trust does not involve leverage or derivatives, aiming to reflect the dollar performance of XRP through the CME CF Ripple-Dollar reference rate (New York version). Coinbase Custody will serve as the custodian of this trust's XRP, responsible for safeguarding all assets.