- 21Shares launches the fifth spot XRP ETF on Cboe BZX Exchange.
- Broader access for U.S. investors to XRP exposure.
- Multi-custodian approach enhances security for digital assets.
21Shares’ spot XRP ETF (TOXR) has been approved by Cboe BZX and listed in the U.S., becoming the fifth spot XRP ETF available on the exchange.
The launch of TOXR expands regulated access to XRP, reflecting growing investor interest in diversified crypto exposure amidst evolving U.S. market dynamics.
21Shares, a prominent crypto ETP issuer, announced its ETF launch on December 11, 2025. The Cboe BZX Exchange approved its listing, enhancing liquidity and institutional access via Flow Traders. Security is bolstered by custodians like Coinbase Custody and Anchorage Digital Bank.
XRP and the Ripple Ecosystem
The approval of TOXR is expected to significantly impact investor access to XRP. The multi-custody model serves as a risk management strategy, ensuring secure asset operations. This move aligns with growing investor interest and adoption in the U.S. cryptocurrency market.
The ETF allows investors to gain exposure to the Ripple ecosystem. With XRP as the referenced asset, the product is structured to not provide investment protections under the Investment Company Act of 1940. It holds potential risks, including possible total capital loss.
Federico Brokate, Global Head of Business Development at 21Shares, highlighted the increasing demand for diversified crypto exposure from U.S. investors. He indicated that cryptocurrency adoption is poised to rise exponentially, with the launch supporting investor appetite for XRP and the broader landscape.
“The launch of TOXR will play a meaningful role to satisfy the growing investor appetite for cryptocurrencies in the U.S. market, and we are thrilled to offer investors exposure to XRP and the Ripple ecosystem.” — Federico Brokate, Global Head of Business Development at 21Shares
21Shares now has five U.S. spot crypto ETPs with over $8 billion in assets under management. The Ripple network’s use in cross-border payments supports the ETF’s strategic value, mirroring the utility seen in traditional assets like BTC and ETH within the issuer’s portfolio.
