21Shares joins two other investment firms to submit a filing for an XRP ETF. Crypto community members share thoughts on potential approval of an XRP ETF, considering SEC's appeal against Judge Torres's Ripple ruling. The upcoming US presidential elections could be a major determinant of whether the ETF gets approved. 21Shares filed an S-1 registration with the Securities and Exchange Commission (SEC) on Friday for an XRP exchange-traded fund (ETF). While the chance of approval is slim with the current SEC administration, the landscape could change after the upcoming elections. XRP gains more institutional attention with 21Shares ETF filing Investment firm 21Shares joined the list of companies seeking approval for a spot XRP ETF in the US after filing an S-1 registration statement for the products on Friday. The fund, known as the 21Shares Core XRP Trust, will track the spot price of XRP without granting investors direct access to the cryptocurrency. The Trust aims to list on the Cboe BZX Exchange and will be measured using the CME CF Ripple Benchmark. Additionally, it will be custodied on the Coinbase Custody Trust Company. 21Shares XRP ETF filing sees the firm join Bitwise and Canary Capital as the only asset managers seeking to launch institutional products for the cryptocurrency so far.