21Shares XRP ETF 20-day countdown begins after new SEC filing

21Shares, a major crypto ETP provider, submitted an 8(a) filing for its spot XRP ETF, which could become effective automatically after 20 days unless the SEC intervenes. The ETF is slated to trade on the Cboe BZX Exchange under the ticker TOXR. The custody of the underlying XRP assets will be handled by three regulated entities: Coinbase Custody Trust Company, Anchorage Digital Bank, and BitGo Trust Company. Authorized participants like Jane Street Capital and Macquarie Capital will facilitate share creation or redemption in cash or in-kind. This move follows filings by other asset managers for similar products, positioning XRP ETFs as potentially next in line after recent Solana and Litecoin ETF launches.

(Source：Crypto Briefing)