21Shares Submits Application for XRP Exchange-Traded Fund

XRP Trust is set to be listed on the Cboe BZX exchange with Coinbase Custody Trust Company serving as the fund’s custodian, as per the latest developments from the Securities and Exchange Commission (SEC). This move marks a significant step forward for XRP in the world of cryptocurrency trading.

The decision to list XRP Trust on the Cboe BZX exchange comes as part of a broader trend towards increased acceptance and integration of digital assets within traditional financial markets. By providing a regulated platform for trading XRP, the Cboe BZX exchange is helping to legitimize the cryptocurrency and make it more accessible to a wider range of investors.

Coinbase Custody Trust Company’s role as the custodian for XRP Trust adds an extra layer of security and trust to the fund. As a trusted and reputable custodian, Coinbase Custody Trust Company will be responsible for safeguarding the assets held in the XRP Trust, providing investors with peace of mind and confidence in the integrity of the fund.

The SEC’s approval of XRP Trust’s listing on the Cboe BZX exchange is a positive development for the cryptocurrency industry as a whole. By working within the regulatory framework set out by the SEC, XRP Trust is setting a precedent for other digital assets to follow, paving the way for increased mainstream adoption and recognition of cryptocurrencies as legitimate investment options.

Overall, the listing of XRP Trust on the Cboe BZX exchange represents a significant milestone for XRP and the broader cryptocurrency market. With Coinbase Custody Trust Company as the custodian and the SEC’s approval in place, XRP Trust is well-positioned to attract a new wave of investors and further establish itself as a key player in the evolving landscape of digital assets.