Spot XRP ETF Set for Monday Debut as 21Shares Finalizes TOXR Listing

• The U.S. SEC has approved 21Shares’ spot $XRP ETF for the U.S. market.
• The product will mirror the CME CF $XRP-Dollar Reference Rate, giving holders access to the value of $XRP.

21Shares has confirmed that its U.S. spot $XRP ETF will begin trading on Monday. The U.S. Securities and Exchange Commission (SEC) approved the launch through an 8-A filing that was filed on November 7.

As a result, it became automatically effective after the standard review period. The ETF will carry a 0.50% management fee and aims to raise $500,000 in initial capital under the ticker TOXR.

In terms of benchmark and structure, the ETF is specifically designed to track the spot price of $XRP using the CME CF $XRP–Dollar Reference Rate (XRPUSD_NY), calculated by a regulated benchmark provider. By doing so, investors can get direct exposure to $XRP’s spot price without the need to purchase, store, or manage the cryptocurrency.

Also, both retail and institutional investors gain exposure to $XRP through traditional brokerage accounts. This then makes entry into the market simpler, as $XRP joins Bitcoin (BTC) and Ethereum (ETH).

With the launch of 21Shares’ spot $XRP ETF, the firm now joins the ranks of major issuers in the U.S. cryptocurrency ETF space. This marks the fifth $XRP-focused ETF to debut in the U.S. market in just a matter of days, following recent listings from providers such as Grayscale and Franklin Templeton.

Grayscale’s GXRP saw inflows of $67.36 million, while Franklin Templeton’s XRPZ attracted $62.59 million. Earlier, the market also saw the launch of spot ETFs for other cryptocurrencies, including Dogecoin (DOGE), Hedera (HBAR), and Litecoin (LTC).

$XRP’s Market Activity

Data from SoSoValue shows that the daily total net inflow for the U.S. $XRP spot ETF reached $22.68 million, contributing to a cumulative net inflow of $666.61 million. The fund’s total value traded stood at $21.38 million, while total net assets climbed to $687.81 million, reflecting solid investor demand.

Analysis of $XRP derivatives indicates that trading volume has increased by 25.29%, reaching a total of $5.96 billion. The open interest, which tracks the total number of outstanding derivatives contracts, declined by 0.05% to $4.19 billion.

$XRP is currently trading at $2.20, up 14% from the previous week. Its market capitalization settles at $131 billion, while its 24-hour trading volume of $3.01 billion has increased by 23% in the past day.