21Shares submits new XRP cash ETF documents to SEC

Asset management company 21Shares has filed new documents with the U.S. Securities and Exchange Commission (SEC) to launch an XRP exchange-traded fund (ETF), according to News1.
According to foreign media, on the 9th (local time), Eric Balchunas, an ETF analyst at Bloomberg, said, "21Shares has filed a lawsuit against the SEC for XRP.
The company said it has received the ETF registration documents. The documents are one of the required procedures for ETF approval, and after receiving them, the company will enter a review period of approximately 20 days.
If the application is approved, the XRP spot ETF will become the next major cryptocurrency spot ETF following Bitcoin, Ethereum, and Solana.