The 21Shares XRP ETF has now been approved for listing on the Cboe BZX Exchange — a major step before trading officially begins.
This move pushes XRP ETFs closer to the mainstream as interest and inflows continue to grow.
What just happened
Cboe confirmed in a Dec. 10 SEC filing that it has approved the listing of the 21Shares XRP ETF, which will trade under the ticker TOXR.
This means the exchange is ready to list the fund as soon as the final issuance documents are finished.
The ETF will follow the CME CF XRP-Dollar Reference Rate – New York Variant, giving investors regulated exposure to XRP without needing to buy or store the crypto themselves.
How the ETF is built
This approval came three weeks after the SEC’s automatic clearance of 21Shares’ 8-A registration.
The latest S-1/A, filed on Dec. 8, still shows the “Subject to Completion” label, but regulators view this as routine. It does not stop the ETF from moving forward.
If the final steps go smoothly, trading could start as early as next week.
Here are the key details:
- 0.3% annual sponsor fee, calculated daily and paid weekly in XRP.
- Multi-custody storage, with Coinbase Custody, Anchorage Digital Bank, and BitGo Trust handling the fund’s XRP.
- Seeded with 100 million XRP from Ripple Markets — worth around $226 million at today’s prices.
- Shares will be created or redeemed either through XRP transfers or cash, depending on what authorized participants choose.
Once it begins trading, the fund will appear under the ticker TOXR on the Cboe BZX Exchange, joining other new crypto ETFs on the platform.
What this means for the XRP ETF market
The XRP ETF market has expanded fast since the SEC–Ripple lawsuit settlement earlier this year, which confirmed that XRP is not a security in secondary sales.
Several XRP ETFs launched in late November and have grown at a pace similar to the early days of Ethereum ETFs.
As of Dec. 11:
- At least four spot XRP ETFs are already trading
- Combined assets are approaching $1 billion
- Net inflows have passed $900 million
Analysts see the 21Shares fund as an important addition because of its strong seed capital, trusted custodians, and regulated structure.
Final thoughts
With the Cboe approval locked in, the 21Shares XRP ETF is close to going live.
This adds even more momentum to a fast-growing corner of the crypto ETF market — and shows how quickly XRP products are moving toward broader adoption.
