21shares XRP ETF Goes Live on Cboe BZX Exchange After SEC Approval

Source: CryptoNewsNet Original Title: XRP ETF from 21shares goes live after SEC declares S-1 effective Original Link: https://cryptonews.net/news/finance/32125100/

Overview

21shares, a leading crypto ETP issuer, officially launched its XRP ETF on Thursday following SEC effectiveness notice. The fund, trading under the ticker TOXR on the Cboe BZX Exchange, charges a 0.3% annual sponsor fee and tracks the CME CF XRP-Dollar Reference Rate.

Product Details

The 21shares XRP ETF (TOXR) is designed to expand investor access to XRP, currently the world’s fourth-largest cryptocurrency by market capitalization. The fund provides a liquid, transparent, and compliant way for US-based investors to gain exposure to XRP.

CEO Russell Barlow stated: “21shares is committed to providing US-based investors with unparalleled access to the world’s leading cryptocurrencies. We’ve leveraged our nearly eight years of experience developing, launching, and managing crypto exchange-traded products around the world to bring TOXR to the US market.”

Market Context

With this launch, 21shares continues to expand its product lineup, which includes ETPs tracking major assets like Bitcoin, Ethereum, and Solana. The XRP ETF entry follows significant market momentum—XRP-backed ETFs in the US have already surpassed $1 billion in inflows since Canary Capital’s spot XRP offering launched in November.

Federico Brokate, leading 21shares’ global business operations, noted that the launch reflects rising US investor appetite for diversified crypto exposure, with expectations for accelerating crypto adoption in the coming months and years. The entry of 21shares’ fund is expected to intensify competition in the XRP ETF market.