21Shares files 8(a) for spot XRP ETF…enters 20-day automatic effectiveness countdown
Suehyeon Lee
Summary
- 21Shares has submitted 8(a) registration documents for a spot XRP ETF to the U.S. SEC.
- With this filing, 21Shares' product has entered the 20-day automatic effectiveness countdown.
- The launch timing of a spot XRP ETF is expected to be brought forward.
21Shares has submitted 8(a) registration documents related to a spot XRP (XRP) exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC).
On the 8th (local time), Eric Balchunas, a Bloomberg ETF analyst, said via X, "21Shares has submitted 8(a) registration documents for a spot XRP ETF to the SEC. With this filing, 21Shares' product has entered the 20-day automatic effectiveness countdown."
This follows the 'automatic effectiveness conversion (delaying amendment removal)' method recently applied by major asset managers such as Bitwise and Fidelity to Solana (SOL) spot ETFs, and is expected to bring forward the launch timing of a spot XRP ETF.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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