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’,…
