21Shares has finally disclosed the management fee of 0.50% for its XRP Exchange-Traded Fund (ETF), breaking silence on a previously opaque detail. This disclosure comes after the ETF received automatic approval from the SEC, paving the way for potential trading next week. The firm’s decision to disclose the fee now follows similar moves by rivals like Bitwise and Grayscale, who opted for fee waivers. Despite initial XRP price surges triggered by the anticipated ETF launch, the asset remains volatile. 21Shares’ own S-1 filing also revealed details about its seed investment of $500,000 into initial baskets of shares. The firm is also partnering with Coinbase Custody, Anchorage Digital Bank, and BitGo Trust for the ETF’s custodial needs. Notably, BNY Mellon will act as the overall cash custodian, administrator, and transfer agent. Meanwhile, XRP price has seen a significant rebound to stay above $2.10 despite ongoing market fluctuations.