21Shares Intends to Launch an XRP ETF

Cryptocurrency ETF issuer 21Shares has filed an S-1 form with the Securities and Exchange Commission (SEC) in hopes of launching an exchange-traded fund (ETF) that will provide American investors with exposure to XRP.

The proposed 21Shares Core XRP Trust would track the market value of XRP, the seventh-largest digital currency, through shares that are traded throughout the day.

In a statement, 21Shares expressed its commitment to expanding US investor access to the cryptocurrency market and driving innovation in the country.