21Shares Triggers 20-Day Clock for Spot XRP ETF Approval

By Daily Hodl Staff

21Shares just submitted its Form 8-A filing for its spot XRP ETF, triggering a mandatory 20-day SEC review period.

The move advances the proposal toward a potential listing on the Cboe BZX Exchange unless the SEC objects.

The ETF would track XRP’s spot price using the CME CF XRP-Dollar Reference Rate, with the ticker TOXR.

The fund’s custodians are Coinbase Custody, Anchorage Digital Bank and BitGo, with assets remaining in segregated cold storage.

Several more issuers, including Bitwise Canary Capital, VanEck, Invesco Galaxy, and Grayscale have applied for spot XRP ETFs, with SEC decisions anticipated by the end of the year.

The price of XRP has surged in the last 24 hours along with the rest of the crypto market. At time of publishing, XRP is up 9% in the last day, at $2.46.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney