CBOE Approves Listing and Registration of 21Shares XRP ETF
The Chicago Board Options Exchange (CBOE) has approved the listing and registration of the 21Shares XRP ETF, according to Cointelegraph. The approval permits 21Shares to list an exchange-traded fund tracking XRP on CBOE’s platform, marking a notable step in institutional access to XRP-based products. No further details on launch date, fee structure, or fund size were provided in the report. The move may increase institutional distribution channels for XRP and broaden investor access to a regulated ETF exposure to the token.
Bullish
Approval of an XRP ETF listing on a major exchange like CBOE is likely bullish for XRP and related markets. ETF approvals typically increase access for institutional and retail investors who prefer regulated, traded vehicles over direct token custody, often driving demand and improving liquidity. Past ETF approvals in crypto (notably Bitcoin and Ethereum ETFs) corresponded with price appreciation, higher trading volumes, and increased market participation. In the short term, the announcement can trigger positive sentiment and speculative buying in XRP and related markets. Over the medium to long term, if the ETF launches with meaningful assets under management and low friction, it could support sustained demand and narrower spreads for XRP. Risks that could temper the bullish case include lacklustre fund adoption, unclear fee or custody arrangements, regulatory hurdles, or macro market weakness that mutes inflows. Overall, the approval increases the probability of stronger institutional flows into XRP, making the immediate market reaction likely positive.