21Shares Core XRP Trust USD Price

The 21Shares Core XRP Trust is a proposed spot exchange-traded fund (ETF) by investment firm 21Shares. The firm filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to seek approval for this ETF. The fund is intended to be listed on the Cboe BZX Exchange, with Coinbase Custody Trust Company serving as the custodian.

This initiative by 21Shares is part of a broader trend among financial firms looking to provide investors with regulated exposure to XRP, especially given the ongoing interest in cryptocurrencies. The launch of such an ETF would allow investors to gain exposure to XRP without directly purchasing the asset, thereby simplifying the investment process.

Despite these efforts, the launch of a spot XRP ETF in the U.S. faces challenges due to the ongoing legal battle between Ripple and the SEC, which has implications for how XRP is classified under U.S. law. However, 21Shares remains committed to expanding access to cryptocurrency assets for U.S. investors and is actively working toward regulatory approval.