Summary
- It was reported that global asset manager 21Shares registered an entity related to the XRP ETF in Delaware, United States.
- This registration is not an official ETF filing, and it was stated to be a preliminary stage before submitting documents to regulators.
- Delaware attracts investor attention by offering tax benefits and flexibility for company incorporation.
According to Binance News on the 22nd (local time), global asset manager 21Shares has registered an entity related to an XRP exchange-traded fund (ETF) in the state of Delaware, United States. However, this is not an official ETF filing.
Delaware is a leading business-friendly state in the U.S., widely utilized as an incorporation site for financial and investment funds due to its tax benefits and flexible corporate structures. This registration is interpreted as a preliminary step before submitting ETF application documents to regulatory authorities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
