21Shares Joins the Race to Launch an XRP ETF With SEC Filing 🏦

> Swiss ETF issuer 21Shares has filed an S-1 form with the SEC to launch a spot fund that tracks the price of XRP

> Cryptocurrency exchange-traded fund (ETF) issuer 21Shares wants to give American investors exposure to XRP

> If approved, the 21Shares Core XRP Trust would track the price of the seventh-biggest digital coin by market cap, via shares that trade throughout the day

> The firm said in a statement that it "remains committed to working towards expanding U.S. investor access to the cryptocurrency asset class, and we look forward to driving innovation in the U.S."

> XRP is a digital coin created by the founders of fintech company Ripple. 21Shares issues ETFs, and operates spot Bitcoin and Ethereum funds in the U.S. following approvals from the SEC earlier this year

> Other asset managers—including crypto asset manager Bitwise—hope to release an ETF that tracks the price of XRP. Asset manager Grayscale also recently launched…