Rising demand for the XRP ETF has put 21 stocks in the spotlight as they await significant SEC action that could pave the way for a major new entrant to enter the rapidly changing regulated crypto market.
XRP ETF fever increases with 21 stocks ahead of SEC verdict
Expectations for XRP exchange-traded funds (ETFs) are growing after crypto asset management company 21shares US revealed on December 2nd that it is still awaiting a declaration of validity from the U.S. Securities and Exchange Commission (SEC) for its planned spot XRP ETF. The company addressed growing speculation about its timing.
21shares US says:
We are waiting for the SEC to declare us valid. Please wait for the announcement from official social media.
In response to speculation that the company’s Spot XRP ETF is expected to launch early this week, the company reiterated in a separate response that “our official channels have not made any such announcement.” These messages appeared as users discussed their expectations for the debut earlier in the week and pointed to the new search visibility of 21shares products on Vanguard’s platform, which some interpreted as an indicator of potential readiness.
read more: 21shares Accelerates Access to Cryptocurrency with Two New Index ETFs Tracking Market Leaders
Meanwhile, Standard Chartered announced on November 25 that it has been appointed as digital asset custodian for 21 shares, using a Luxembourg-based custodian service registered with the Financial Supervisory Commission. The deal expands 21shares’ institutional offerings by adding secure and compliant digital asset storage designed for professional investors.
Recent regulatory approvals allow multiple spot XRP exchange-traded funds to enter the US market, creating a backdrop for increased competition. Canary’s XRP ETF (Nasdaq: XRPC) became the first pure spot XRP ETF to launch in the US, followed by Franklin’s XRP ETF (NYSE Arca: XRPZ). Grayscale’s XRP Trust ETF (GXRP) was also launched in late November. This series of new listings has increased attention to 21shares’ pending TOXR launch. Proponents argue that expanding the lineup of regulated crypto ETFs would deepen liquidity, expand access for institutional investors, enhance price discovery and counter skepticism about the asset class.
FAQ đź§
- Why is the 21shares Spot XRP ETF still pending approval?
21shares acknowledged that it is still awaiting the SEC’s declaration of effectiveness and stressed that no official launch date has been announced. - What are the signals that suggest we are getting ready for a 21-share XRP ETF?
User speculation and expectations have increased, including increased search visibility for 21shares products on platforms such as Vanguard, but the company has not verified the timing claims. - How will Standard Chartered’s new custody role impact investor confidence?
Standard Chartered’s regulated digital asset custody service enhances institutional-grade security and compliance, strengthening 21shares’ infrastructure for professional investors. - Why is competition increasing in the US spot XRP ETF market?
Recent launches by Canary, Franklin, and Grayscale have expanded the scope of regulated XRP ETFs, making 21shares’ pending TOXR product a key focus as institutional interest accelerates.
