21Shares has filed an S-1 filing to launch the first XRP exchange-traded fund (ETF), the "21Shares Core XRP Trust", according to SEC filings. The fund will track the price of XRP and plans to list on the Cboe BZX exchange. The trust does not involve leverage or derivatives and is designed to reflect the dollar performance of XRP through the CME CF Ripple-Dollar reference rate (New York version). Coinbase Custody will act as XRP custodian for the trust and will be responsible for the custody of all assets.