SEC Weighs Approval for XRP Trust on Cboe Exchange
Published Date: 5/27/2025
Notice
Summary
The Cboe BZX Exchange wants to start trading shares of the 21Shares Core XRP Trust, which is tied to the cryptocurrency XRP. The SEC is now deciding whether to approve or reject this plan, with a decision expected by May 22, 2025. If approved, investors could soon buy and sell these new shares, potentially shaking up the crypto investment scene.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Possible Exchange-Traded XRP Trust Shares
You could be able to buy and sell shares of the 21Shares Core XRP Trust on the Cboe BZX Exchange if the SEC approves the listing by May 22, 2025. The Trust would hold only XRP, cash, and cash equivalents, value its Shares daily at 4:00 p.m. ET using the CME CF XRP–Dollar Reference Rate, and create or redeem Shares in cash with authorized participants in blocks of 10,000 Shares.
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