The growing demand for XRP ETFs is putting 21shares in the spotlight, as the company stated it is still awaiting the SEC’s “effectiveness declaration” for its spot XRP ETF. On December 2, 21shares posted on X that it had not yet received a final decision and urged the community to trust only the company’s official channels. This came after rumors surfaced that their ETF might have been scheduled to launch within the week.
21shares also denied the rumors of an early launch, emphasizing that they had not issued any such announcement. Attention spiked when users noticed 21shares’ product appearing in search results on Vanguard’s platform, fueling speculation that approval might be imminent.
At the same time, 21shares has strengthened its infrastructure capabilities by selecting Standard Chartered as its digital asset custodian, utilizing services in Luxembourg registered with the CSSF regulator. The addition of a compliant and secure custody mechanism is expected to make 21shares’ ETF more attractive to institutional investors.
While 21shares awaits a signal from the SEC, the US market has seen a series of new XRP ETFs launched: Canary (XRPC) became the first spot XRP ETF, followed by Franklin (XRPZ) and Grayscale (GXRP). The rapid emergence of these products has made the XRP ETF race more competitive than ever.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Arthur Hayes: I'll Believe in XRP's Use at Scale When I See On-Chain Evidence
Arthur Hayes calls for on-chain evidence of XRP at scale; Iran tolls on oil tankers reportedly paid in Bitcoin to bypass sanctions, with pre-cleared shipments. Jim Rickards cites Ripple as part of a broader crypto-led parallel financial system.
Abstract: The article compares Hayes's demand for XRP's real-world on-chain use with reports of Bitcoin toll payments by Iran and notes Rickards' view that Ripple could play a role in a broader crypto-driven parallel financial system.
GateNews27m ago
Crypto Investor Predicts Bitcoin ATH at $140,000 and XRP ATH at $7 in May
Crypto investor predicts Bitcoin ATH at $140,000.
Similarly, the expert expects an XRP ATH at $7.
Both these new ATH targets for BTC and XRP are expected to arrive in May.
The prices of Bitcoin and Ethereum seem to be trading at a bullish trajectory, having just broken past major
CryptoNewsLand2h ago
Altcoins Surge Back Above $1.3T as Markets Rally After Greenland Crisis Resolution
On January 22, altcoins rebounded nearly 10% to $1.39 trillion due to eased global tensions, with Ethereum leading gains. Despite some volatility, the combined market cap stabilized at $1.32 trillion as other altcoins also showed modest recovery.
Coinpedia4h ago
Ripple XRP Ledger Is Set to be Quantum-Resistant by 2028, Signaling Highly Bullish Future for XRP Price
Ripple XRP Ledger is set to be quantum-resistant by 2028.
This signals a highly bullish future for XRP.
Tron is also working to catch up with this progressive move.
Crypto and blockchain continue to chase success and progress with no concern for the current state of markets. For
CryptoNewsLand5h ago
Ripple Plans Quantum-Resistant XRP Ledger by 2028
Ripple announced on Monday a multi-stage roadmap to build quantum-resistant infrastructure for the XRP Ledger (XRPL) by 2028, addressing growing concerns about the security of existing cryptographic systems against future quantum computing threats.
Quantum Threat Context
While quantum computing t
CryptoFrontier5h ago
After XRP is launched, prepare for post-quantum security; complete the XRPL quantum protection roadmap by 2028
Ripple Engineering Senior Director Ayo Akinyele released the latest “Insight” report on April 20, outlining a multi-stage roadmap aimed at ensuring XRP ledgers (XRPL) have fully post-quantum security capabilities by 2028. Ripple is working with Project Eleven to accelerate development, including validating node tests and early custody prototype.
MarketWhisper10h ago
