Cryptocurrency exchange-traded fund (ETF) issuer 21Shares wants to give American investors exposure to XRP.

The Swiss firm on Friday filed an S-1 form with the Securities and Exchange Commission (SEC) to launch an XRP ETF.

If approved, the 21Shares Core XRP Trust would track the price of the seventh-biggest digital coin by market cap, via shares that trade throughout the day.

The firm said in a statement that it “remains committed to working towards expanding U.S. investor access to the cryptocurrency asset class, and we look forward to driving innovation in the U.S.”

XRP is a digital coin created by the founders of fintech company Ripple. 21Shares issues ETFs, and operates spot Bitcoin and Ethereum funds in the U.S. following approvals from the SEC earlier this year.

Other asset managers—including
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Author: Mathew Di Salvo

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