21Shares and Others Move Forward with XRP ETF Filings
- 21Shares has filed paperwork for an XRP ETF, which could be listed on the Cboe BZX Exchange under the ticker symbol TOXR.
- The fund will be managed by Coinbase Custody Trust Company, Anchorage Digital Bank, and BitGo Trust Company.
- Franklin Templeton has amended its S-1 filing for an XRP ETF, which has been listed by the DTCC.
- Canary Capital is set to launch its own XRP fund (XRPC) soon, with a potential launch date as early as November 13.
- WisdomTree has filed for a Physical CoinDesk 20 Spot ETF that includes Bitcoin, Ethereum, Cardano, Solana, and XRP, with Ripple comprising nearly 20% of the fund.
The recent surge in filings for XRP ETFs is generating bullish sentiment among traders, with analysts predicting significant price movements for Ripple’s token if it maintains key technical levels.
With multiple firms advancing their XRP ETF applications and expected launches soon, this could enhance market accessibility and interest in XRP. The developments indicate a growing recognition of the token’s utility within the crypto space.
