21Shares’ XRP ETF is set to join the list of funds already trading in the market. This comes as institutional demand grows with the ETFs recording $666 million in inflows in less than a month of full trading.
According to a new filing, 21Shares has been cleared to start trading for its U.S. spot XRP ETF on Monday. The fund will trade under the ticker TOXR. The fund will be listed on the Cboe BZX Exchange after being given the go ahead by the U.S. SEC.
This listing follows the automatic approval by the issuer with the SEC using a Form 8-A. It completes one of the last steps that have been required for a U.S.-listed crypto ETF to enter the market. The launch puts 21Shares alongside major issuers who are already seeing demand for their products.
The forthcoming listing places the fund as the fifth XRP ETF to list in the U.S. market within days.
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