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21Shares submits XRP ETF application to the US SEC

21Shares submits XRP ETF application to the US SEC

Bitget2024/11/02 02:19

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.

1

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A certain whale panic sold 2019 BTC, approximately 141.5 million US dollars

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The US non-farm employment data for October was unexpectedly low, leading traders to increase their bets on the Federal Reserve cutting interest rates by 25 basis points

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