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21Shares files S-1 application for an XRP ETF
- Asset management company 21Shares has filed an S-1 application with the US SEC for an XRP ETF.
- The Core XRP Trust aims to track the price of XRP without generating additional returns based on market trends.
- The XRP ETF approval is uncertain due to the SEC's legal battle with Ripple Labs.
- Despite regulatory uncertainty, other asset managers are pursuing approval for spot XRP ETFs.
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