Global Stock News

Ripple CEO Says SEC Lost Battle on Crypto Amid Third Company Filing for XRP ETF

Ripple CEO Says SEC Lost Battle on Crypto Amid Third Company Filing for XRP ETF

  • 21Shares has applied to list an XRP ETF on Cboe, following Bitwise and Canary, to provide exposure to XRP.
  • Ripple, the company behind XRP, is still entangled in legal disputes with the SEC over its status as a security.
  • Amid these tensions, Ripple’s CEO criticises the SEC’s actions as damaging to the agency’s credibility while a court recently ruled XRP is not a security.
  • Ripple has prepared for a cross-appeal by escrowing US$125 million, as analysts speculate on future outcomes for crypto regulations.

And suddenly there’s three. 21Shares has just filed for a Spot XRP exchange-traded fund (ETF), following the applications of Bitwise and Canary earlier. The fund, named ‘21Shares Core XRP Trust’,…

Source link

Share this article

Scroll to Top