TechFlow news — On November 1, according to public filings from the U.S. Securities and Exchange Commission (SEC), 21Shares has submitted an S-1 registration form to launch the first XRP exchange-traded fund (ETF), the "21Shares Core XRP Trust."
The fund will track the price of XRP and is planned to be listed on the Cboe BZX Exchange. The trust does not employ leverage or derivatives, aiming to reflect the U.S. dollar performance of XRP through the CME CF Ripple-Dollar Reference Rate (New York version). Coinbase Custody will serve as the custodian for the trust's XRP holdings, responsible for safeguarding all assets.
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