Key Highlights
- 21Shares will launch its U.S. spot XRP ETF (TOXR) on Cboe on Monday.
- The debut follows the firm’s recent Solana ETF launch for U.S. investors.
- XRP demand has climbed after new ETF launches and post-settlement clarity.
21Shares, a global financial company specializing in crypto exchange-traded products (ETPs), will debut its U.S. spot XRP exchange-traded fund (ETF) on Monday, marking another step in the expansion of regulated crypto products across major exchanges.
The fund, trading under the ticker TOXR, will list on Cboe BZX and track the CME CF XRP-Dollar Reference Rate. The launch follows formal SEC approval, giving traditional investors direct XRP exposure without handling the token itself.
Solana ETF came first
The move comes shortly after the firm introduced its Solana ETF (TSOL) on Cboe. That product includes staking and expanded the company’s U.S. footprint beyond its Bitcoin (ARKB) and Ethereum (TETH) funds.
Together, these products signal 21Shares’ continued push into the regulated U.S. market as demand rises for exchange-listed access to major crypto assets.
The XRP ETF
Market watchers, like Xaif Crypto, expect Monday’s debut to test XRP’s liquidity. The token is currently trading around $2.22 amid more than $600 million in combined inflows across other U.S. spot XRP ETFs.
XRP’s inclusion in 21Shares’ lineup reflects growing interest in assets built for fast, low-cost settlement. Institutions have been watching XRP more closely since Ripple’s SEC settlement removed a major legal overhang, and its role in cross-border payment infrastructure has renewed market attention.
Enterprise interest
Enterprise appetite for yield is growing, reflected in Bitwise’s move to launch a U.S. Avalanche ETF that would stake most of its AVAX to offer institutional-grade returns.
Payment firms and fund managers point to XRP’s speed and established liquidity profile, which have helped drive renewed institutional activity following recent ETF launches from Franklin Templeton and Grayscale.
What’s next
TOXR’s debut will test how much liquidity XRP can attract through regulated channels. Early trading volumes, spreads, and creation-redemption flows will show whether demand extends beyond the initial ETF hype.
For 21Shares, the launch opens the door to additional U.S. products as competition intensifies. For XRP, it will reveal whether wider institutional access drives sustained inflows or just short-term speculation.
Also Read: BTC, ETH, XRP, and SOL Rebounds: A Real Reversal or A Dead-Cat Bounce?
