XRP ETF from 21shares goes live after SEC declares S-1 effective
Crypto Briefing
21shares launched its XRP ETF, trading as TOXR on Cboe BZX, following SEC approval of its S-1 filing.Summary
Crypto ETP issuer 21shares officially launched its XRP ETF, trading under the ticker TOXR on the Cboe BZX Exchange, after the SEC declared its S-1 filing effective. The fund offers investors exposure to XRP, the fourth-largest crypto asset, charging a 0.3% annual sponsor fee and tracking the CME CF XRP-Dollar Reference Rate. CEO Russell Barlow stated the launch reinforces 21shares' commitment to providing secure, compliant crypto ETPs to US investors, leveraging their extensive global product development experience. This launch follows significant inflows into US XRP-backed ETFs, which have already surpassed $1 billion after a previous spot offering debut, suggesting increased competition in the market.
(Source：Crypto Briefing)