The Swiss company 21Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) for the registration of an exchange-traded fund (ETF) based on the cryptocurrency XRP. The ETF is planned to be listed on the Cboe BZX platform, with Coinbase Custody Trust Company taking on the role of the custodian.

“We remain committed to expanding access to crypto assets for American investors and are excited about the opportunity to drive innovation in the U.S.,” representatives of 21Shares commented to The Block.

Earlier in June, VanEck also applied to the SEC for the launch of a Solana ETF, and in October, similar applications were filed by Canary Capital, which submitted applications for XRP-ETF and Litecoin-ETF, as well as Bitwise.

Since December 2020, the SEC has been involved in a lawsuit against Ripple regarding the status of the cryptocurrency XRP.