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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 13, 2025 04:33 UTC
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XRP ETF Era Begins: 21Shares Seeks SEC Nod to Track XRP Price via CME Index
SEC fast-track rules could bring the first spot XRP ETF to market by early 2026, with 21Shares and others revising filings for approval.
21Shares plans a CME-linked XRP ETF with cold storage custody; new SEC rules may cut approval from 240 days to 60–75 days.
The race to launch the first spot XRP exchange-traded fund (ETF) has entered a decisive phase even as the crypto market faces steep losses. On October 10, the U.S. Securities and Exchange Commission (SEC) received a new set of S-1/A amendment filings for proposed XRP ETFs from 21Shares, Bitwise, Franklin Templeton, WisdomTree, Grayscale, and Canary Capital.
21Shares Files CME-Linked XRP ETF
The latest filing from 21Shares outlines a fund designed to track XRP’s price using the CME CF XRP-Dollar Reference Rate (XRPUSD_NY), a recognized benchmark used by institutional investors.
The ETF will be organized as a Delaware trust and will hold XRP in cold storage with Coinbase Custody Trust Company. Shares will list on the Cboe BZX Exchange, giving investors exposure to XRP through regular brokerage accounts.
The filing confirms the ETF will be passive, with no use of leverage or derivatives. Authorized Participants will create or redeem shares in exchange for cash or XRP based on the CME benchmark. The document also notes the product carries high risk and lacks FDIC insurance or Investment Company Act protections.
SEC Introduces Faster ETF Listing Rules
Recent regulatory updates could speed up ETF approvals. For the first time, the SEC’s new generic ETF listing standards allow exchanges like Nasdaq, Cboe, and NYSE to list spot crypto ETFs without separate case-by-case approval.
Previously, applications often took more than 240 days to process. The new rules could cut that to 60–75 days, a big change for issuers waiting in line.
Crypto analyst Diana said that 21Shares and Canary have revised their filings to meet updated standards. Changes include:
- Clearer custody and redemption procedures
- Stronger surveillance-sharing agreements
- Full alignment with SEC feedback
“These updates are the kind of cleanup you do right before launch,” she wrote on X.
- Also Read :
- Ripple’s Role in $7.4 Trillion Market Could Send XRP Price Soaring, Says Crypto Sensei
- ,
Launch Could Come in Early 2026
If the SEC stays on its current track, XRP ETFs could debut soon. The first issuer to meet the criteria will move ahead under the new fast-track process.
The next steps include:
- Acknowledgment letters confirming receipt
- Exchange listing notices under new rules
- Effective S-1 status
- Any conditional approvals that may follow
Uncertainty remains. The SEC could still delay decisions, especially given political tensions and the recent government shutdown.
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FAQs
A spot XRP ETF is a fund that tracks XRP’s live price, letting you invest through a stock brokerage without directly buying or storing the cryptocurrency yourself. It offers regulated, familiar market access.
Major firms like 21Shares, Grayscale, and Franklin Templeton have filed. 21Shares’ proposal plans to use a CME benchmark and hold XRP with Coinbase Custody for security.
New generic listing standards let exchanges list spot crypto ETFs faster without lengthy individual reviews. This could cut approval times significantly, accelerating the launch process.
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