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<p>The post <a href="https://coinpedia.org/news/ripple-news-today-21shares-eyes-xrp-etf-amid-record-breaking-ethereum-etf-launch/">Ripple News Today: 21Shares Eyes XRP ETF Amidst Ethereum ETF Success</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>On July 23, 2024, the U.S. financial markets celebrated the <a href="https://coinpedia.org/news/ethereum-etfs-launch-with-a-bang-blackrock-and-grayscale-move-millions-in-eth/" target="_blank" rel="noreferrer noopener">launch of several spot Ethereum ETFs</a>. The first trading day saw a record-breaking volume of $1.1 billion, showcasing strong investor interest and confidence in ETFs. After BTC and ETH, many altcoins are in line to jump the ETF wagon, and XRP will be the hot cake if it successfully clears its regulatory battle.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-could-xrp-etf-be-next"><strong>Could XRP ETF Be Next?</strong></h2> 
<p>Hany Rashwan, co-founder and CEO of 21Shares, recently expressed the company’s bullish stance on <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP </a>and its potential plans to launch a spot-based XRP ETF. He revealed his strategy in an <a href="https://www.youtube.com/watch?v=2iWBGpr4sRs" target="_blank" rel="noreferrer noopener nofollow">interview </a>with the financial YouTube channel Paul Baron Network. Despite the delay in filing for this ETF, Rashwan emphasized that such a move aligns with 21Shares’ global strategy.</p> 
<p><strong>Current Position and Research</strong></p> 
<p>21Shares is currently the largest issuer of XRP exchange-traded products (ETPs), managing $69.16 million in assets with a year-to-date return of 7.54%. Rashwan highlighted XRP’s strong investment potential, supported by thorough research and community support, and believes it could become a significant player in the ETF market.</p> 
<h2 class="wp-block-heading" id="h-focus-on-global-expansion"><strong>Focus on Global Expansion</strong></h2> 
<p>Although 21Shares has not yet submitted an ETF application for XRP to the SEC, Rashwan reassured that launching an XRP ETF is integral to their global vision, extending beyond the U.S. market. However, he clarified that the legal clarity on XRP’s non-security status is crucial for eliminating regulatory concerns and advancing the ETF’s launch.</p> 
<h2 class="wp-block-heading" id="h-solana-etf-takes-priority"><strong>Solana ETF Takes Priority</strong></h2> 
<p>However, 21Shares and VanEck chose to pursue a Solana (<a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noreferrer noopener">SOL</a>) ETF over XRP. Rashwan noted that the decision was influenced by the similarities between Solana and Ethereum, making it easier to advocate for regulatory approval given Ethereum’s previous ETF success. </p> 
<p>The company currently offers spot ETFs for Bitcoin (<a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) and Ethereum (<a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) and is also seeking approval for a Solana ETF.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/xrp-poised-for-1-surge-massive-trading-volume-and-settlement-rumors-fuel-rally/" target="_blank" rel="noreferrer noopener">XRP Poised for $1 Surge: Massive Trading Volume and Settlement Rumors Fuel Rally</a></p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="21Shares Ethereum ETF Launch‍🔥What's Next? CEO INTERVIEW | Hany Rashwan" width="1220" height="686" src="https://www.youtube.com/embed/2iWBGpr4sRs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
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</figure> 
<p><strong>As the ETF market heats up, all eyes are on XRP and its potential to become the next big thing.</strong></p>

Ripple News Today: 21Shares Eyes XRP ETF Amidst Ethereum ETF Success

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