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International Business Times
International Business Times
Business
Marvie Basilan

21Shares Files For $XRP ETF – Reiterates XRP Ledger's Transaction Speed, Token's Non-Security Status

XRP 21Shares SEC ETF Bitcoin Canary Capital United States Bitwise Ripple Brad Garlinghouse
21Shares, which issued a spot Bitcoin ETF with Ark Invest, has filed an S-1 for an $XRP ETF. (Credit: IBTimes US)

KEY POINTS

  • 21Shares noted that the XRP Ledger is 'fast-energy-efficient and scalable'
  • It also reiterated that the $XRP token isn't a security and thus can't be subject to securities laws
  • Ripple's CEO said the development underscores the peak strength of institutional interest in $XRP

The XRP token has been trending in recent weeks amid apparent interest among institutions seeking to provide exposure to the world's seventh-largest cryptocurrency by market value.

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