21Shares has filed an S-1/A amendment with the U.S. Securities and Exchange Commission (SEC) to launch an XRP exchange-traded fund (ETF). The proposed ETF aims to track the CME CF XRP-Dollar Reference Rate and will be structured as a Delaware trust, with XRP held in cold storage by Coinbase Custody Trust Company. Shares are set to be listed on the Cboe BZX Exchange, allowing investors to trade XRP through standard brokerage accounts. The ETF is designed as a passive investment vehicle, without leverage or derivatives. Recent regulatory changes could expedite the approval process, potentially reducing the timeline from over 240 days to 60–75 days. If approved, the ETF could be launched as early as 2026, providing a new avenue for investors to gain exposure to XRP.