Key Takeaways
How was it approved?
Through an auto-effective Form 8-A filing with the U.S. SEC.
When will it start trading?
Likely next week, pending final listing certification from Cboe.
As institutions race to list Solana ETFs, the spotlight is now shifting towards XRP.
21 Shares got its XRP ETF approved
In a major development, 21Shares, one of the world’s largest crypto ETP issuers, has secured automatic approval for a spot XRP ETF after filing a Form 8-A with the U.S. Securities and Exchange Commission.
The fund is expected to begin trading next week on the Cboe BZX Exchange under the ticker “TOXR,” marking another step towards bringing XRP into regulated, exchange-listed investment products.
Alongside the approval, the Cboe BZX Exchange has authorized the listing of the fund under the ticker “TOXR.”
Other details of the 21 Shares XRP ETF
Providing further insights on the same, the SEC filing noted,
“An application for listing of the Shares of the Trust has been filed with and approved by Cboe BZX Exchange, Inc.”
It further disclosed,
“A description of the Shares is contained in the Trust’s preliminary prospectus, which is a part of the Registration Statement on Form S-1, filed with the Securities and Exchange Commission on November 7, 2025.”
However, 21Shares is yet to disclose details on the management fee or any potential waivers for its newly approved XRP ETF.
On the contrary, other issuers entering the XRP race have already outlined their pricing structures, with Franklin Templeton offering the lowest fee at 0.19% for its XRPZ product.
XRP price action and other ETFs’ status
This development is coming at an interesting time. At the time of writing, the altcoin was trading at $1.98, down over 7% on the 24-hour charts.
And yet, despite the price pullback, investor interest has been strong, with multiple XRP-linked funds, including the Teucrium 2x Long Daily XRP ETF, Volatility Shares XRP ETF, Rex-Osprey XRP ETF, Volatility Shares 2x XRP ETF, ProShares Ultra XRP ETF, Purpose XRP ETF, and Canary XRP ETF, going live as per The Block ETF tracker.
Additionally, Bitwise Asset Management has also launched its Apot XRP ETF on the New York Stock Exchange under the ticker XRP, with a 0.34% fee waived for the first month on the first $500 million in assets.
With 21Shares entering the market and major issuers like Bitwise and Franklin Templeton already securing listings, the outlook for XRP ETFs is rapidly strengthening too.
Even amid short-term price weakness, institutional participation and expanding product portfolios point to growing demand for regulated XRP exposure.
