Key Takeaways

  • Cboe BZX Exchange approved the listing of the 21Shares $XRPETF, which will hold and track the performance of $XRP.
  • The ETF will trade under ticker TOXR and custody $XRPholdings with Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company.

Cboe BZX Exchange confirmed it has approved the listing and registration of the 21Shares $XRPETF, according to a Wednesday filing with the SEC. This means the product is ready to go live upon official notice of issuance.

The 21Shares $XRPETF, which will track the performance of the CME CF $XRP-Dollar Reference Rate – New York Variant, aims to offer exposure to $XRP, the fourth-largest crypto asset by market capitalization, according to its latest prospectus.

cboe greenlights xrp etf - Cboe approves 21Shares XRP ETF for listing

Shares are set to trade on Cboe BZX Exchange under the ticker symbol TOXR. The fund will charge a 0.3% annual sponsor fee, calculated daily and paid weekly in $XRP.

cboe greenlights xrp etf - Cboe approves 21Shares XRP ETF for listing

Ripple Markets is currently the only shareholder of the $XRPtrust, holding 10,000,000 shares acquired at a purchase price of 100,000,000 $XRP, valued at approximately $226 million in aggregate.

21Shares hinted that trading for its spot $XRPETF is set to start soon.

$XRPArmy. Are you ready???

— 21shares (@21shares) December 10, 2025

The 21Shares $XRPETF will join numerous $XRPfunds on the market this year, including those from Canary Capital, Bitwise, Grayscale, and Franklin Templeton.