1. 21shares launched the 21Shares XRP ETF (TOXR) on CBOE. 2. TOXR enables U.S. investors exposure to XRP with a 0.30% fee. 3. XRP is widely adopted for cross-border payments by over 100 institutions. 4. 21shares' AUM exceeds $8 billion, reflecting strong demand for crypto ETPs. 5. TOXR has significant volatility risks and isn't registered under '40 Act.
FAQ
Why Bullish?
The launch of TOXR provides accessibility to XRP for U.S. investors, indicating strong market demand. Similar ETF launches historically have led to increased interest and investment inflows in corresponding assets.
How important is it?
The article indicates significant institutional interest and the establishment of new investor pathways, which are likely to enhance XRP's market position, thereby impacting TXXS positively.
Why Short Term?
Immediate demand for TOXR could drive XRP's price in the short-term as investors gain new exposure. However, long-term impacts will depend on broader market conditions for cryptocurrencies.
21Shares Expands US Crypto Offerings with New XRP ETF Launch
NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- 21Shares, a prominent issuer in the cryptocurrency exchange-traded products (ETPs) market, has launched the 21Shares XRP ETF (TOXR) on the CBOE. This innovative ETF allows investors to gain exposure to XRP through their existing banking or brokerage accounts, facilitating participation in one of the foremost blockchains for cross-border transactions and the evolving landscape of global payments.
Key Details About the 21Shares XRP ETF (TOXR)
The 21Shares XRP ETF is designed to track the performance of XRP and comes with a total expense ratio (TER) of 0.30%. Notably, TOXR is not registered under the Investment Company Act of 1940, meaning it is not subject to the same regulatory protections as other registered ETFs and mutual funds. Investors in TOXR should be aware of the significant risks and heightened volatility associated with XRP assets, which may not be suitable for those unable to afford potential losses.
CEO Russell Barlow Highlights Commitment to US Investors
“21Shares is committed to providing U.S.-based investors with unparalleled access to the world’s leading cryptocurrencies, and this launch is another example of this effort,” stated Russell Barlow, CEO of 21Shares. He emphasized the company’s dedication to creating financial products that harness innovative technologies within the cryptocurrency sector.
Significance of XRP in the Current Market
XRP is presently recognized as the fourth largest cryptocurrency by market capitalization. It has captured the interest of institutional investors thanks to its rapid transaction speeds and cost efficiency. XRP facilitates connections between payment systems in over 55 countries and is utilized by more than 100 financial institutions, with governmental bodies exploring its technology for official cross-border payment initiatives.
Enhanced Security Through Multi-Custody Approach
21Shares has developed a multi-custody strategy for its U.S. spot crypto ETPs, which is essential for risk management. This approach enhances security and operational excellence for their product lineup, utilizing trusted custody partners such as Coinbase, Anchorage Digital Bank, and BitGo.
Market Maker and Liquidity Partner: Flow Traders
Flow Traders acts as the lead market maker for TOXR, providing liquidity and enabling institutional access to crypto markets. Federico Brokate, Global Head of Business Development at 21Shares, noted the growing demand for diversified crypto exposure among U.S. clients and projected significant adoption of cryptocurrencies in the future.
Growing Presence in the US Market
Since 21Shares entered the U.S. market in 2022, it has rapidly expanded its footprint, currently managing over $8 billion in assets as of November 2025, and offering five ETPs. This expansion underscores 21Shares' commitment to increasing investor access to diverse cryptocurrencies, establishing it as a leading and diversified issuer of crypto-native ETPs globally.
About 21Shares
21Shares aims to make cryptocurrency more accessible to investors and bridge the gap between traditional finance and decentralized finance. The company pioneered the world’s first physically-backed crypto ETP in 2018, showcasing a strong seven-year track record on some of the most prestigious securities exchanges worldwide. Supported by a specialized research team and robust technology, 21Shares continues to offer innovative investment solutions.
Important Investment Information
Investors should consider the inherent risks associated with the 21Shares XRP ETF (TOXR) before investing, as the Fund is not actively managed and does not guarantee profits. For a more detailed overview of risks associated with XRP and the ETF, potential investors should refer to the Fund’s prospectus available at 21Shares Prospectus.
Contact Information
For media inquiries, please contact:
- Audrey Belloff: audrey.belloff@21shares.com
- Alethea Jadick: ajadick@sloanepr.com