PANews reported on November 1 that according to SEC documents, 21Shares has submitted an S-1 application and plans to launch the first XRP exchange-traded fund (ETF) "21Shares Core XRP Trust". The fund will track XRP prices and plans to be listed on the Cboe BZX exchange. The trust does not involve leverage or derivatives and aims to reflect the dollar performance of XRP through the CME CF Ripple-Dollar reference rate (New York version). Coinbase Custody will serve as the XRP custodian of the trust and will be responsible for the safekeeping of all assets.