Fifth Spot XRP ETF Set to Launch Following Cboe Approval
- The new XRP ETF, under the ticker TOXR, is approved by Cboe and will begin trading soon.
- Ripple Markets provided initial liquidity of 100 million XRP, valued at approximately $226 million.
- U.S. spot XRP ETFs have attracted nearly $954 million in inflows within four weeks.
- XRP has become the fastest-growing U.S. crypto ETF by AUM since Ethereum.
- Despite market fluctuations, XRP funds reported no net outflows and gained an additional $10 million recently.
The launch of the TOXR ETF highlights increasing demand for regulated crypto products in the market, as evidenced by substantial inflows into existing ETFs. Ripple’s enhancements to the XRP Ledger also aim to improve network stability and DeFi features.
With total inflows nearing $1 billion in less than a month, this new fund reflects strong investor interest in XRP products and services.(Source)
