21Shares, one of Europe’s leading issuers of crypto-linked investment products, has introduced its latest offering—an XRP ETF listed under ticker $TOXR—following approval from CBOE.
The ETF is designed to provide transparent and liquid exposure to XRP, eliminating the need for investors to maintain personal crypto wallets.
The launch builds on growing institutional demand for regulated XRP investment vehicles. Recent regulatory clarity has encouraged major financial firms to expand XRP-linked ETPs across global markets.
According to Sosovalue, spot XRP ETFs now manage almost $938 million in assets, with more than 400 million XRP tokens held in custody by various issuers.
Existing ETFs from Grayscale, Bitwise, and Franklin Templeton have shown rapid growth, in some cases expanding at nearly 95% per month. This creates a competitive environment for 21Shares as it enters the market.
At the time of writing, XRP trades near $2.02, down 2.24% in 24 hours, with a market cap above $122 billion, making it the fourth-largest crypto asset.
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