21Shares XRP ETF

21Shares XRP ETF is a physically backed exchange-traded fund designed to provide direct exposure to XRP, the digital asset used for rapid and low-cost cross-border payments. The fund seeks to closely track the performance of XRP by referencing the CME CF XRP–Dollar Reference Rate – New York Variant, adjusting only for fees and operational expenses. To achieve this, it holds XRP directly, offering a regulated, securitized format for accessing the asset through traditional brokerage and custody channels. The ETF is positioned within the broader digital asset ecosystem as a bridge between institutional capital and blockchain-based payment infrastructure, reflecting growing interest in tokenized payment rails and alternative settlement networks. By packaging XRP into an ETF structure, 21Shares XRP ETF contributes to price discovery, secondary-market liquidity, and standardized risk management for market participants seeking transparent exposure to this specific cryptoasset.