XRP ETF Hopes Rise as Cboe Greenlights 21Shares Spot Fund Application

The Chicago Board Options Exchange (Cboe) has officially approved a rule change to list and trade shares of the 21Shares Ripple XRP Spot ETF. This critical regulatory step moves the proposed fund, filed in partnership with Ark Invest, closer to potential launch, pending final approval from the U.S. Securities and Exchange Commission (SEC). The development signals growing institutional interest in XRP and marks a significant milestone in the quest for a dedicated spot XRP exchange-traded fund in the United States. Analysts view the Cboe's approval as a bullish indicator for XRP's legitimacy and market accessibility, though the SEC's decision remains the final hurdle.