The cryptocurrency exchange 21Shares is poised to launch an XRP-based Exchange Traded Fund (ETF), with their application for SEC review entering a crucial phase. The news spurred immediate market response, as XRP prices jumped over 5% in the hours following the announcement. This potential ETF launch signifies growing institutional interest in XRP, and its impact on the broader cryptocurrency market could be significant. 21Shares has submitted an amended Form 8(a) to the U.S. Securities and Exchange Commission (SEC), triggering a 20-day review period for potential automatic listing on the Cboe BZX exchange. This milestone might lead to a fast-track approval process, but it hinges on the SEC’s decision.