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San Francisco-based enterprise blockchain company Ripple holds 4.43 billion tokens, according to its recently published Q3 report.

Two prominent ETF issuers advanced their XRP-based asset initiatives today. Grayscale launched trading on its XRP Trust fund, while 21Shares submitted an official application for an XRP ETF.

Investment firm 21Shares submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: 21Shares filed an S-1 registration statement with the SEC on Friday proposing a fund, named the 21Shares Core XRP Trust to be listed on the Cboe BZX Exchange.

The SEC must submit its opening brief in the Ripple SEC appeal by Jan. 15, 2025, as part of a key phase in the ongoing legal process. The post SEC ordered to file Ripple appeal brief by Jan. 15, 2025 appeared first on Crypto Briefing.

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

TL;DR 21Shares requests SEC approval for an XRP ETF, aiming to expand regulated access to cryptocurrencies. The XRP ETF would be listed on Cboe BZX, with Coinbase Custody Trust as the fund's custodian. Approval faces challenges due to the ongoing legal dispute between the SEC and Ripple over XRP sales as unregistered securities.

With a new XRP ETF application from 21shares, pressure mounts on the SEC as investors eye access to XRP exposure amid ongoing regulatory battles.

After several firms took the step, 21Shares has become the latest to file for an XRP ETF with the US SEC. It has now become the third firm to file for the XRP investment vehicle, following both Bitwise and Canary Capital.

SEC faces a January deadline in Ripple's high-stakes appeal. Ripple's legal clash could define crypto's regulatory future.

Markets have started to sell-off, and Bitcoin needs to hold $70,000 for the BTC and altcoin rally to continue.

The United States Court of Appeals for the Second Circuit has issued an order in the XRP lawsuit between the Securities and Exchange Commission (SEC) and Ripple Labs, Inc. The court has mandated that the SEC must file its appellate brief by January 15, 2025, setting a firm deadline.

The asset manager became the third firm to apply for listing and trading shares of a spot XRP ETF, following Canary Capital and Bitwise.

Joining the ranks of several firms that have already initiated similar efforts, 21Shares has recently filed with the US Securities and Exchange Commission (SEC) to launch an XRP ETF. This filing, submitted today, signals the firm's intention to offer an investment product centered around Ripple's native cryptocurrency.

XRP price has been trading in a narrow range recently, hinting at a period of consolidation for the altcoin. This period of price stability was interrupted by a rebound, aligning with a broader market uptick, suggesting a shift in momentum.

21Shares has filed documents for an XRP-based fund amid skepticism toward crypto ETF demand outside Bitcoin products.

On Friday, crypto asset manager 21Shares filed an S-1 registration form for a spot XRP ETF with the US Securities and Exchange Commission (SEC) to establish the 21Shares Core XRP Trust.

21Shares is pursuing regulatory approval for a spot XRP exchange-traded fund, following similar proposals from other companies.

Though the long-standing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) appeared over in August, the ever-tenacious regulator has continued the dispute by appealing the final ruling, particularly the elements concluding that the company's programmatic sales of XRP do not constitute securities violations.

The cryptocurrency has wiped out ~80 billion from its valuation this week. This highlights a strong selling pressure within the crypto space. Following this, top tokens such as Bitcoin, Ethereum, and Ripple have recorded a notable correction in their respective portfolios. Will the top cryptocurrencies regain momentum with the U.S.

21Shares, a major issuer of exchange-traded funds, has just joined the XRP ETF race, according to a Friday filing with the U.S. Securities and Exchange Commission (SEC).

21Shares has become the latest asset manager to file with the US Securities and Exchange Commission (SEC) to offer an XRP ETF. This again mounts pressure on the Commission to finally respond to the pending applications from the other asset managers who have applied to offer this fund.

Historically, the fourth quarter often brings notable gains for cryptocurrencies, and with November underway, crypto whales are strategically positioning themselves for potential profits.

The Ripple “Swell” conference on Oct. 15-16 brought together leaders in payments, blockchain, digital assets and economic policy. Ripple used the event, held at the Faena Hotel in Miami Beach, Florida, to spur discussion around the future of finance and chart its plans spanning cross-border payments, custody, tokenization and its RLUSD stablecoin.

XRP, the cryptocurrency associated with the Ripple network, has encountered a turbulent phase recently, facing significant challenges in its attempt to recover from an 18% price crash. As the asset struggles to regain traction, it is currently battling crucial resistance levels and dwindling bullish sentiment among traders.