21Shares US is awaiting approval from the U.S. Securities and Exchange Commission (SEC) for its proposed spot XRP ETF, as anticipation builds around its potential launch. The company has not yet announced a timeline for the ETF's debut. In a strategic move, 21Shares has appointed Standard Chartered as its digital asset custodian, aiming to bolster institutional-grade security. The competition in the U.S. market is intensifying, with other XRP ETFs from Canary, Franklin, and Grayscale already launched. This development highlights the growing interest and competitive landscape for XRP-based investment products.