inclusion of digital assets<\/strong> in traditional markets.<\/p>\n![\"21shares](\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/11\/21shares-post-1.jpg\")
<\/p>\n
Despite anticipation surrounding a potential XRP ETF, its approval remains uncertain, especially due to the ongoing legal battle between the SEC and Ripple<\/strong>, the cryptocurrency’s issuer.<\/p>\nThe Legal Conflict Between the SEC and Ripple<\/h3>\n
The SEC has argued that Ripple raised $1.3 billion<\/strong> through XRP sales, which it considers unregistered securities<\/strong>. The legal dispute has led to conflicting court decisions<\/strong>. In one instance, U.S. District Judge Analisa Torres ruled that XRP\u2019s programmatic sales through a blind bidding process did not violate securities laws<\/strong>, while other direct sales to institutional investors were deemed securities<\/strong>. Consequently, Ripple was fined $125 million<\/strong>, and both Ripple and the SEC are appealing certain parts of this decision.<\/p>\n![\"ripple](\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2023\/12\/Ripple-Sec.jpg\")
<\/p>\n
The interest of 21Shares and other firms, like Canary Capital and Bitwise, in an XRP ETF underscores the trend toward institutionalization in the crypto market despite regulatory hurdles. The lack of clarity in U.S. cryptocurrency regulations continues to generate uncertainty in the market, yet 21Shares’ initiative could set a precedent if it gains regulatory approval<\/p>\n","protected":false},"excerpt":{"rendered":"
TL;DR 21Shares requests SEC approval for an XRP ETF, aiming to expand regulated access to cryptocurrencies. The XRP ETF would be listed on Cboe BZX, with Coinbase Custody Trust as the fund’s custodian. Approval faces challenges due to the ongoing legal dispute between the SEC and Ripple over XRP sales as unregistered securities. Investment firm … <\/p>\n
Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":174252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[90,70,74],"tags":[4620,4656,4924,4805,4816,4918],"class_list":["post-174251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple-news","category-cryptocurrencies","category-featured","tag-blockchain","tag-cryptocurrencies","tag-etf","tag-ripple","tag-sec","tag-xrp"],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/174251"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=174251"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/174251\/revisions"}],"predecessor-version":[{"id":174253,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/174251\/revisions\/174253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/174252"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=174251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=174251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=174251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"xrp](\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/11\/xrp-post-cmc.jpg\")
<\/p>\n