21Shares Files for Spot XRP ETF: Potential for Market Reshape

Crypto Exchange 21Shares has officially submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). This move could significantly impact the cryptocurrency market landscape by opening up new investment avenues for institutional investors, potentially driving both increased trading activity and wider market adoption for Ripple’s XRP. If the SEC remains silent within 20 days, the ETF could gain automatic approval. The potential ripple effects of this filing have already been evident in the price surge for XRP following the news.