21Shares Secures SEC Approval for Spot XRP ETF Trading Soon
21Shares has secured SEC approval to launch a spot XRP ETF in the US, with trading set to begin next week. The new XRP ETF will offer regulated exposure to XRP’s spot price without self-custody. This move follows 21Shares’ earlier success with spot Bitcoin ETFs and leverages its established ETF infrastructure. Industry experts say the spot XRP ETF could boost liquidity, price stability, and institutional adoption. Details on the ticker, listing venue, and fee structure are pending. Traders will watch initial volumes and price reactions closely.
Bullish
By approving a spot XRP ETF from 21Shares, regulators open a new gateway for institutional and retail investors to access XRP through a regulated product. Historical precedents, such as the approval of spot Bitcoin ETFs earlier this year, drove large inflows, increased liquidity, and supported price rallies. In the short term, the ETF launch could trigger a surge in trading volumes and positive price momentum for XRP. Over the long term, regulated ETF access may reduce volatility and broaden market participation, sustaining bullish sentiment.