- SEC approval of 21Shares’ TOXR adds a fifth U.S. XRP ETF as demand accelerates across institutions.
- XRP ETFs post $666M inflows in 10 days with zero outflows, signaling strong market absorption.
- Analysts note custodian storage tightening XRP’s liquid supply, boosting long-term demand focus.
The launch of the 21Shares XRP ETF arrives as demand for XRP investment products grows across the United States. The fund will trade under the ticker TOXR and will offer direct exposure to XRP’s spot price through a regulated structure. The approval marks a new expansion phase for XRP-based products.
21Shares Secures Approval and Confirms Monday Start
According to a new filing, the U.S. SEC cleared 21Shares to list its spot XRP ETF on the Cboe BZX Exchange. The approval came through a Form 8-A dated November 20, and the fund carries a 0.50 percent management fee. The issuer confirmed that trading will begin Monday.
The TOXR listing follows the recent debut of XRP ETFs from Grayscale and Franklin Templeton. Grayscale’s GXRP recorded $67.36 million on its first day, and Franklin Templeton’s XRPZ brought in $62.59 million.
These products now hold more than $150 million combined after early inflows. The 21Shares ETF will track the CME CF XRP-Dollar Reference Rate. It allows investors to gain exposure to XRP without holding the token. The company will launch the fund with seed baskets of 20,000 shares priced at $25 each.
XRP ETF Momentum Reaches Strong Inflows Across the Market
Existing XRP ETFs have accumulated $666 million in net inflows within ten trading days, based on SoSoValue data. Total assets have reached $687.81 million with no outflows during the period. The strongest inflow came during Canary Capital’s launch on November 14 with $243 million. Another large inflow of $164.04 million arrived on November 24 as Grayscale and Franklin Templeton products went live.
XRP trades near $2.22 as the ETF launch approaches, and cumulative inflows continue to rise across funds from Bitwise, Franklin Templeton, and Grayscale. Analysts including Jake Claver and Chad Steingraber note that custodian storage is reducing the liquid supply on exchanges, which is drawing new attention to long-term demand.
With TOXR becoming the fifth listed XRP ETF in the United States, the total may expand further as WisdomTree and CoinShares prepare future filings. Monday’s launch will mark a new step for XRP’s presence in regulated markets.
