#XRPETF XRPETF # What is XRP ETF?

XRP ETF is a financial product designed to track the price of XRP, the original digital asset of the XRP ledger. This fund allows traders to gain exposure to the price movements of XRP without the need to buy, store, or manage the cryptocurrency directly.

# Companies that have applied for XRP ETF approval

- *Bitwise*: Was the first company to apply for XRP ETF approval in October 2024.

- *Canary Capital*: Applied for XRP ETF approval in October 2024.

- *21Shares*: Applied for approval of Core XRP Trust, which is an index fund designed to provide indirect exposure to X