SEC Approves XRP ETF Launch

21shares Launches XRP ETF on Cboe BZX Exchange

• 21shares has launched its XRP ETF, trading under the ticker TOXR on the Cboe BZX Exchange.
• The fund offers exposure to XRP with a 0.3% annual fee and tracks the CME CF XRP-Dollar Reference Rate.
• The launch follows SEC approval, marking a significant step in expanding investor access to XRP, the fourth-largest crypto asset by market cap.
• CEO Russell Barlow emphasized the firm’s commitment to providing secure and compliant crypto ETPs to US investors.
• XRP-backed ETFs in the US have seen over $1 billion in inflows following Canary Capital’s recent spot XRP offering.

The launch of 21shares’ XRP ETF ($TOXR) provides a new avenue for investors to access XRP, reinforcing its position as a key player in global payments. The fund’s entry is expected to heighten competition in the growing market for crypto exchange-traded products.