November 5, 2024
XRP News Today: XRP-Spot ETF Filing Boosts XRP as BTC Drops on Trump Election Odds #NewsETFs

XRP News Today: XRP-Spot ETF Filing Boosts XRP as BTC Drops on Trump Election Odds #NewsETFs

CashNews.co

“The message from the market is clear – institutional interest in XRP products is stronger than ever. Bitwise Invest, Canary Funds, and 21Shares (just this morning!) filed S-1s for XRP ETFs while Grayscale launched an XRP Trust and filed to convert its multi-asset fund, including XRP, into an ETF.”

Garlinghouse also criticized the SEC, saying,

“The SEC’s war on crypto has lost battle after battle – their continued disregard for the court’s authority will further erode the SEC’s credibility and reputation.”

21Shares Joins List of Issuers Filing for an XRP-Spot ETF

On November 1, 21Shares submitted an S-1 form to register an XRP-spot ETF, the Core XRP Trust. The Trust will aim to track XRP’s performance and not seek to generate returns beyond its price movements.

21Shares is prominent within the crypto-spot ETF market after launching BTC and ETH-spot ETFs. The ARK 21Shares Bitcoin ETF (ARKB) has reported $2,617 million in inflows since launch, ranking third among the 11 BTC-spot ETF issuers.

Alongside 21Shares, Canary Funds and Bitwise Invest have submitted filings to the SEC for XRP-spot ETFs. Additionally, Grayscale has filed for a multi-crypto-spot ETF featuring BTC, ETH, SOL, and XRP.

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