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Fifth Spot XRP ETF Premieres On Wall Street After Cboe Approves 21Shares’ Fund ⋆ ZyCrypto

2025/12/13 10:20
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Asset management companies are continuing to launch spot XRP exchange-traded funds (ETFs) one after another. The latest company to join the XRP ETF craze is 21Shares.

21Shares To Debut Latest XRP ETF

According to a new S-1/A amendment with the U.S. Securities and Exchange Commission, Cboe BZX Exchange confirmed it has approved the listing of the 21Shares XRP ETF, tracking the fourth-largest cryptocurrency by market capitalization.

The fund, which will trade under the ticker symbol TOXR, will become the fifth spot XRP investment vehicle to debut in the United States.

“The launch of TOXR will play a meaningful role in satisfying the growing investor appetite for cryptocurrencies in the U.S. market, and we are thrilled to offer investors exposure to XRP and the Ripple ecosystem,” said Federico Brokate, global head of business development at 21shares, in a statement.

TOXR is designed to track the CME CF XRP-Dollar Reference Rate (New York Variant), giving institutional investors exposure to XRP via a regulated fund structure without requiring them to directly handle the token. Coinbase Custody, Anchorage Digital Bank, and BitGo will act as a trio of custodians for the ETF’s XRP holdings. The fund will charge a 0.30% sponsor fee, calculated daily and paid weekly in XRP.

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Ripple Markets is currently the only shareholder of the XRP trust, holding 10,000,000 shares acquired at a purchase price of 100 million XRP, valued at approximately $226 million at the reference rate disclosed in the filing.

Other companies, including Grayscale, Canary Capital, Bitwise, andFranklin Templeton, have also launched their own spot XRP ETFs in recent weeks. 21Shares’ listing comes as U.S.-listed XRP funds close in on the $1 billion assets under management milestone, less than a month since their inception. Notably, no XRP ETF has recorded any net outflow days, suggesting sustained institutional demand amid the coin’s improved regulatory clarity.

However, the price of XRP is lagging behind as the Federal Reserve’s 25 bps rate cut on Wednesday failed to ignite crypto bulls.

At the time of writing, XRP was trading for $1.99 and was down 7.2% over the past week, reversing recent gains, according to crypto price aggregator CoinGecko. XRP is down more than 45% since setting its $3.65 all-time high record in July.

Source: https://zycrypto.com/fifth-spot-xrp-etf-premieres-on-wall-street-after-cboe-approves-21shares-fund/

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