Swiss ETF issuer 21Shares has filed an S-1 form with the SEC to launch a spot fund tracking the price of XRP. If approved, the 21Shares Core XRP Trust would allow American investors to trade shares throughout the day based on the value of XRP, the seventh-largest digital coin by market capitalization. 21Shares aims to expand U.S. investor access to cryptocurrencies, joining other asset managers like Grayscale in seeking to launch XRP ETFs despite the SEC's ongoing legal troubles with Ripple, the company behind XRP. Ripple is embroiled in a lawsuit with the SEC, which alleges that XRP is an unregistered security. A recent court ruling favored Ripple regarding retail sales but not for institutional transactions. Ripple's CEO is optimistic about the ETF's approval, especially following the SEC’s acceptance of Bitcoin and Ethereum ETFs.

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