2025-15942Notice

Extended Review for 21Shares Core XRP Trust Shares

Published Date: 8/21/2025

Notice

Summary

The SEC is taking more time to decide if the Cboe BZX Exchange can list and trade shares of the 21Shares Core XRP Trust, a new crypto-based investment. This affects investors interested in XRP-related products and could impact when these shares become available to trade. The decision delay means no trading yet, but the SEC is carefully reviewing the proposal to keep things safe and fair.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

SEC delays XRP trust listing decision

If you want to buy shares of the 21Shares Core XRP Trust, the SEC has extended its review by 60 days and set October 19, 2025 as the new deadline. The original 180-day deadline after publication was August 20, 2025, so the decision (approve or disapprove) will not occur before October 19, 2025 and the shares cannot be listed or traded until the Commission acts.

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Key Dates

Effective Date
Published Date
8/18/2025
8/21/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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