{"id":141214,"date":"2024-11-01T20:00:26","date_gmt":"2024-11-01T18:00:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141214"},"modified":"2024-11-01T19:40:27","modified_gmt":"2024-11-01T17:40:27","slug":"another-company-files-for-xrp-etf-increasing-pressure-on-sec","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/another-company-files-for-xrp-etf-increasing-pressure-on-sec\/","title":{"rendered":"Another Company Files for XRP ETF, Increasing Pressure on SEC"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2028835\/000121390024093305\/ea0219336-01.htm\" target=\"_blank\" rel=\"nofollow\">move<\/a> <\/strong>adds more pressure on the SEC to address the backlog of similar applications from various asset managers seeking to launch <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>ETFs.<\/p>\n<p>The proposed fund, named the \u201c21Shares Core XRP TRUST,\u201d aims to track the performance of XRP, giving institutional investors a pathway to engage with this cryptocurrency. With this filing, 21Shares joins other firms like Bitwise and Canary Capital, which have also put forth registration statements for XRP ETFs.<\/p>\n<p>Previously, 21Shares had attempted to introduce a Spot Solana ETF, but that application faced rejection due to regulatory uncertainties surrounding Solana\u2019s classification. In contrast, the current application for the XRP ETF is bolstered by recent regulatory clarity, as Judge Analisa Torres ruled that XRP is not classified as a security.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/xrp-poised-to-overtake-bitcoin-as-top-cryptocurrency-says-former-ripple-executive\/\" title=\"XRP Poised to Overtake Bitcoin as Top Cryptocurrency, Says Former Ripple Executive\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/xrp-rise-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">XRP Poised to Overtake Bitcoin as Top Cryptocurrency, Says Former Ripple Executive<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Furthermore, the SEC did not contest this ruling in its appeal against Ripple, which suggests an acceptance of XRP\u2019s status. Notably, 21Shares\u2019s filing comes shortly after the Court of Appeals issued its first order in the ongoing XRP litigation.<\/p>\n<p>It\u2019s also important to highlight that 21Shares has a presence in the XRP market, as it already manages the 21Shares Ripple XRP ETP (AXRP), a crypto ETF based in Switzerland that tracks XRP\u2019s performance and offers investors exposure to the digital asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>21Shares has taken a significant step by submitting a proposal to the U.S. Securities and Exchange Commission (SEC) for an XRP exchange-traded fund (ETF).<\/p>\n","protected":false},"author":7,"featured_media":107702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-141214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Another Company Files for XRP ETF, Increasing Pressure on SEC<\/title>\n<meta name=\"description\" content=\"21Shares has taken a significant step by submitting a proposal to the U.S. Securities and Exchange Commission (SEC) for an XRP ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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