Meanwhile, as the regulatory landscape continues to evolve, potential political changes could impact the direction of crypto ETF approvals. High-profile figures such as Democrat Kamala Harris or Republican Donald Trump are often mentioned as could potentially shift regulations.<\/p>\n\n\n\n
<\/p>\n","post_title":"21Shares Files For Spot XRP ETF, Following Bitcoin Success","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"21shares-files-for-spot-xrp-etf-following-bitcoin-success","to_ping":"","pinged":"","post_modified":"2024-11-04 04:00:19","post_modified_gmt":"2024-11-03 17:00:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Following the SEC\u2019s January approval of spot Bitcoin ETFs, several firms have begun exploring options to create similar investment products for other major crypto assets. VanEck, 21Shares, and Canary Capital have all submitted filings for a spot Solana ETF, and Canary has also proposed a fund tied to Litecoin, indicating a trend of diversified crypto ETF applications.<\/p>\n\n\n\n
Meanwhile, as the regulatory landscape continues to evolve, potential political changes could impact the direction of crypto ETF approvals. High-profile figures such as Democrat Kamala Harris or Republican Donald Trump are often mentioned as could potentially shift regulations.<\/p>\n\n\n\n
<\/p>\n","post_title":"21Shares Files For Spot XRP ETF, Following Bitcoin Success","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"21shares-files-for-spot-xrp-etf-following-bitcoin-success","to_ping":"","pinged":"","post_modified":"2024-11-04 04:00:19","post_modified_gmt":"2024-11-03 17:00:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In July, a federal judge ruled that XRP\u2019s programmatic sales did not classify it as a security. The decision is now under appeal from the SEC, with a cross-appeal from Ripple Labs.<\/p>\n\n\n\n
Following the SEC\u2019s January approval of spot Bitcoin ETFs, several firms have begun exploring options to create similar investment products for other major crypto assets. VanEck, 21Shares, and Canary Capital have all submitted filings for a spot Solana ETF, and Canary has also proposed a fund tied to Litecoin, indicating a trend of diversified crypto ETF applications.<\/p>\n\n\n\n
Meanwhile, as the regulatory landscape continues to evolve, potential political changes could impact the direction of crypto ETF approvals. High-profile figures such as Democrat Kamala Harris or Republican Donald Trump are often mentioned as could potentially shift regulations.<\/p>\n\n\n\n
<\/p>\n","post_title":"21Shares Files For Spot XRP ETF, Following Bitcoin Success","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"21shares-files-for-spot-xrp-etf-following-bitcoin-success","to_ping":"","pinged":"","post_modified":"2024-11-04 04:00:19","post_modified_gmt":"2024-11-03 17:00:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
While the SEC approved spot Bitcoin ETFs earlier this year, applications for other spot crypto ETFs, such as XRP, are yet to receive any formal response. Part of this hesitation may be tied to the ongoing lawsuit between the SEC and Ripple Labs. <\/p>\n\n\n\n
In July, a federal judge ruled that XRP\u2019s programmatic sales did not classify it as a security. The decision is now under appeal from the SEC, with a cross-appeal from Ripple Labs.<\/p>\n\n\n\n
Following the SEC\u2019s January approval of spot Bitcoin ETFs, several firms have begun exploring options to create similar investment products for other major crypto assets. VanEck, 21Shares, and Canary Capital have all submitted filings for a spot Solana ETF, and Canary has also proposed a fund tied to Litecoin, indicating a trend of diversified crypto ETF applications.<\/p>\n\n\n\n
Meanwhile, as the regulatory landscape continues to evolve, potential political changes could impact the direction of crypto ETF approvals. High-profile figures such as Democrat Kamala Harris or Republican Donald Trump are often mentioned as could potentially shift regulations.<\/p>\n\n\n\n
<\/p>\n","post_title":"21Shares Files For Spot XRP ETF, Following Bitcoin Success","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"21shares-files-for-spot-xrp-etf-following-bitcoin-success","to_ping":"","pinged":"","post_modified":"2024-11-04 04:00:19","post_modified_gmt":"2024-11-03 17:00:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
While the SEC approved spot Bitcoin ETFs earlier this year, applications for other spot crypto ETFs, such as XRP, are yet to receive any formal response. Part of this hesitation may be tied to the ongoing lawsuit between the SEC and Ripple Labs. <\/p>\n\n\n\n
In July, a federal judge ruled that XRP\u2019s programmatic sales did not classify it as a security. The decision is now under appeal from the SEC, with a cross-appeal from Ripple Labs.<\/p>\n\n\n\n
Following the SEC\u2019s January approval of spot Bitcoin ETFs, several firms have begun exploring options to create similar investment products for other major crypto assets. VanEck, 21Shares, and Canary Capital have all submitted filings for a spot Solana ETF, and Canary has also proposed a fund tied to Litecoin, indicating a trend of diversified crypto ETF applications.<\/p>\n\n\n\n
Meanwhile, as the regulatory landscape continues to evolve, potential political changes could impact the direction of crypto ETF approvals. High-profile figures such as Democrat Kamala Harris or Republican Donald Trump are often mentioned as could potentially shift regulations.<\/p>\n\n\n\n
<\/p>\n","post_title":"21Shares Files For Spot XRP ETF, Following Bitcoin Success","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"21shares-files-for-spot-xrp-etf-following-bitcoin-success","to_ping":"","pinged":"","post_modified":"2024-11-04 04:00:19","post_modified_gmt":"2024-11-03 17:00:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19360","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The proposed fund\u2019s structure means investors wouldn\u2019t hold XRP directly but would instead benefit from XRP market trends. Should it be approved, Coinbase Custody Trust Company will act as the custodian for the fund\u2019s XRP assets.<\/p>\n\n\n\n
21Shares is seeking the Securities and Exchange Commission\u2019s (SEC) approval of a spot XRP exchange-traded fund (ETF) amid increasing interest in crypto-focused investment vehicles.<\/p>\n\n\n\n
It followed similar applications by Canary Capital and Bitwise.<\/li>\n<\/ul>\n\n\n\n
21Shares is seeking the Securities and Exchange Commission\u2019s (SEC) approval of a spot XRP exchange-traded fund (ETF) amid increasing interest in crypto-focused investment vehicles.<\/p>\n\n\n\n
The offering allows investors to indirectly access XRP on the Cboe BZX Exchange.<\/li>\n\n\n\n
It followed similar applications by Canary Capital and Bitwise.<\/li>\n<\/ul>\n\n\n\n
21Shares is seeking the Securities and Exchange Commission\u2019s (SEC) approval of a spot XRP exchange-traded fund (ETF) amid increasing interest in crypto-focused investment vehicles.<\/p>\n\n\n\n
The offering allows investors to indirectly access XRP on the Cboe BZX Exchange.<\/li>\n\n\n\n
It followed similar applications by Canary Capital and Bitwise.<\/li>\n<\/ul>\n\n\n\n
21Shares is seeking the Securities and Exchange Commission\u2019s (SEC) approval of a spot XRP exchange-traded fund (ETF) amid increasing interest in crypto-focused investment vehicles.<\/p>\n\n\n\n
