21Shares CEO: XRP Spot ETF Would Fit Our Vision, Potential as Investment Vehicle Is Growing

IconCryptoNewsTerminal Staff25 Jul, 2024

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21Shares CEO: XRP Spot ETF Would Fit Our Vision, Potential as Investment Vehicle Is Growing

21Shares CEO Hany Rashwan expressed optimism about a potential XRP spot ETF in an interview with financial YouTube channel Paul Baron Network. He stated: “21Shares is an issuer of an ETP on Ripple, which has an AUM of $69.16 million. We did our due diligence on Ripple; we believe it has the potential to grow as an investment vehicle. The US courts have provided clarity on the non-security status of Ripple, and this regulatory comfort is a key ingredient in the potential launch of a physical XRP ETF. The launch of a physical XRP ETF forms part of 21Shares’ global strategy, which goes beyond the US.”

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