In January, Bitcoin 
$106,146 ETFs experienced nearly $900 million in net inflows, indicating robust interest from institutional investors in cryptocurrencies. The net inflows in ETH ETFs are also gaining attention, prompting other ETF issuers to compete in creating more alternatives within the crypto sector.
XRP Coin ETF
Canary recently submitted an application for an ETF focused on SOL Coin. Today, 21Shares has followed suit by filing for an XRP Coin ETF. Ripple 
$2 officials, who have been involved in a long-standing legal battle with the SEC, are now managing the appeals process after securing a partial victory, although the case may continue for another year. Fortunately, since the assertion that XRP Coin is not a security has not been challenged in the appeal, the situation is not as dire as it could be.
Strategic Moves by 21Shares
21Shares aims to leverage its position as one of the early applicants should it receive approval. Ripple is pursuing more agreements with banks and corporate entities, while also expanding the functionalities of the XRPL network.
Despite the recent decline in BTC and previous ETF applications, the price of XRP Coin has not seen substantial growth.
