21Shares filed an S-1 registration with the Securities and Exchange Commission (SEC) on Friday for an XRP exchange-traded fund (ETF).
21Shares joins two other investment firms to submit a filing for an XRP ETF. Crypto community members share thoughts on potential approval of an XRP ETF, considering SEC's appeal against Judge Torres's Ripple ruling. The upcoming US presidential elections could be a major determinant of whether the ETF gets approved. 21Shares filed an S-1 registration with the Securities and Exchange Commission on Friday for an XRP exchange-traded fund .
Crypto community members expressed concerns about the XRP ETF filing, suggesting that the possibility of its approval may be slim due to ongoing tension between the SEC and Ripple. The regulator appealed parts of the ruling made by Judge Analisa Torres, who ruled that Ripple's sales of XRP did not constitute securities offerings, ordering the firm to pay a $125 million fine, which is lower than the SEC's $2 billion demand.
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