21Shares Ignites XRP ETF Hype: Countdown to Potential Approval Begins!
21Shares filed an 8(a) on Friday for its spot XRP ETF, which, in accordance with U.S securities law,
Quick overview
- 21Shares has filed for a spot XRP ETF, which will automatically take effect in 20 days unless the SEC intervenes.
- The Cboe BZX Exchange is expected to list the ETF under the ticker symbol TOXR, with custody managed by Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company.
- Authorized participants like Macquarie Capital and Jane Street Capital can create or redeem shares in cash or in kind.
- XRP and Dogecoin ETFs are set to launch following Bitwise's spot Solana ETF and Canary Capital's Litecoin and HBAR ETFs, with multiple XRP ETFs anticipated in the US by late 2025.
Live XRP/USD Chart
21Shares filed an 8(a) on Friday for its spot XRP ETF, which, in accordance with U.S securities law, would take effect automatically after 20 days in the absence of SEC intervention. The Cboe BZX Exchange is anticipated to list the 21Shares XRP ETF with the ticker symbol TOXR.
Coinbase Custody Trust Company, Anchorage Digital Bank, and BitGo Trust Company will oversee XRP custody.
Shares may be created or redeemed in cash or in kind by authorized participants, such as Macquarie Capital and Jane Street Capital. Other asset managers, such as Bitwise, Franklin Templeton, and Canary Capital, have also submitted updated SEC filings and prepared for a possible launch in the near future.
XRP and Dogecoin ETFs are scheduled to launch next after Bitwise’s spot Solana ETF and Canary Capital’s Litecoin and HBAR ETFs. Brad Garlinghouse, CEO of Ripple, stated earlier this year in March that several XRP ETFs would be introduced in the US in the second half of 2025 following the resolution of legal disputes with the SEC.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save