Unverified Cboe Approval for 21Shares XRP ETF
Reports citing secondary sources on December 11 indicated that the Chicago Board Options Exchange (Cboe) had approved the listing and registration of the 21Shares XRP ETF. However, there has been no primary-source confirmation of this decision. The U.S. Securities and Exchange Commission's (SEC) registration process for the 21Shares product is ongoing, with the S‑1/A filing by the sponsor still marked as "Subject to Completion."
The absence of official confirmation from Cboe introduces significant uncertainties regarding the ETF's market entry. This situation raises questions about the pace and procedures of regulatory processes for crypto assets, especially as more crypto ETFs are anticipated to seek approval.
21Shares US LLC, Sponsor of the 21Shares XRP ETF, stated: "The Trust expects to list on an exchange (Cboe BZX is referenced in related 21Shares crypto ETF filings) but the December 8, 2025 S‑1/A is still labeled 'Subject to Completion' and does not constitute an exchange’s final listing approval."
XRP Price Volatility Linked to Speculative News
XRP's price has experienced considerable fluctuations over the last 90 days, marked by a substantial decrease of 33.80%. Such volatility often correlates with speculative news regarding ETF approvals, reflecting investor uncertainty in the market.
According to CoinMarketCap, XRP's current price is $2.01, with a market capitalization of $121.46 billion and a market dominance of 3.92%. The trading volume in the past 24 hours was approximately $3.92 billion, representing a decrease of 3.64%. The notable 33.80% price decrease over the 90-day period highlights significant volatility in recent months.
The Coincu research team observes that ongoing regulatory uncertainties are likely to influence financial and market outcomes. Future technological integrations and investor sentiment may depend on the establishment of clear regulatory frameworks, which continue to evolve alongside the growth of crypto-centric financial products. XRP's recent price movements are indicative of broader market sentiments that often react to speculative announcements, underscoring the importance of verified information in trading environments.