XRP ETF Coming Soon? 21Shares Files For One Despite Ripple's Legal Battles
Portfolio Pulse from Khyathi Dalal
21Shares has filed for a spot XRP ETF with the SEC, aiming to list it on the Cboe BZX Exchange. This move is part of a broader trend of investment firms seeking to expand access to cryptocurrency through ETFs, despite ongoing legal challenges involving Ripple and the SEC.
November 01, 2024 | 7:16 pm
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POSITIVE IMPACT
Cboe BZX Exchange is the proposed listing venue for the 21Shares Core XRP Trust ETF. Approval and listing of this ETF could increase trading volume and interest in Cboe's crypto offerings.
If the 21Shares XRP ETF is approved and listed on Cboe BZX Exchange, it could lead to increased trading activity and interest in Cboe's crypto-related offerings, positively impacting its business.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Coinbase Custody Trust Company is expected to serve as the custodian for the proposed 21Shares Core XRP Trust ETF. This association could enhance Coinbase's reputation and business in the crypto custody space.
Coinbase's role as custodian for the proposed XRP ETF by 21Shares could boost its credibility and business in the crypto custody market, potentially leading to positive investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70