New XRP ETF hits the market with launch of 21Shares’ TOXR

21Shares has debuted a new XRP Exchange-Traded Fund (ETF) on the CBOE exchange under the ticker symbol TOXR. The fund tracks XRP, the fourth-largest cryptocurrency by market capitalization. Federico Brokate, global head of business development at 21Shares, stated that the launch aims to satisfy growing investor appetite for cryptocurrencies in the U.S. market by offering exposure to XRP and the Ripple ecosystem. This launch follows recent introductions of XRP ETFs by other firms, including Grayscale, Canary Capital, and REX Shares. The 21Shares XRP ETF will utilize Coinbase, Anchorage Digital Bank, and BitGo as custodians to enhance security. 21Shares already offers other crypto ETFs, such as one focused on Solana, and anticipates continued exponential growth in cryptocurrency adoption.

(Source：The Block)