21Shares XRP ETF

21Shares XRP ETF is an exchange-traded fund that issues common shares of beneficial interest trading on the Cboe BZX Exchange, Inc. The fund's primary objective is to track the performance of the digital asset XRP, adjusted for fund expenses and other liabilities. The trust does not operate as an active commercial business or maintain independent corporate management, employees, or operational facilities. Instead, it serves as a passive investment vehicle for investors seeking direct economic exposure to XRP. Its principal activities consist of holding digital assets in segregated accounts and issuing or redeeming shares in standard creation baskets through authorized participants.

The trust is organized as a statutory trust under Delaware law, with its primary executive offices located in New York, New York. Its digital asset holdings are maintained by designated institutional custodians, primarily across secure offline cold-storage facilities. Operational administration, transfer agency functions, and cash custody are coordinated through financial service partners in the United States.

Summary of the business section of 21Shares XRP ETF's latest annual report, written by StockData.