The asset manager became the third firm to apply for listing and trading shares of a spot XRP ETF, following Canary Capital and Bitwise.
Asset manager 21Shares has filed for approval of a spot XRP exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC).
In a Nov. 1 SEC filing, 21Shares filed a Form S-1 for its Core XRP Trust shares to be listed and traded on the Cboe BZX Exchange. According to the filing, the trust does not provide investors with direct exposure to XRP but offers an “opportunity to indirectly access the market.”
The Coinbase Custody Trust Company will act as the custodian for the investment vehicle’s XRP should approval go through. Other asset management firms, including Bitwise, preceded 21Shares for their XRP ETF filings.
