21Shares Secures Automatic SEC Approval for XRP ETF as XRP Price Stabilizes Near $2.10
21Shares, one of the world's biggest crypto index fund issuers, just got the thumbs up from the US Securities and Exchange Commission...
Quick overview
- 21Shares has received SEC approval for its XRP ETF, set to trade on the Cboe BZX Exchange under the ticker TOXR.
- The ETF will track the CME CF XRP-Dollar Reference Rate, providing pricing transparency and institutional-grade methodology.
- XRP's price has stabilized around $2.12 after recent volatility, with increased trading volume indicating renewed investor interest.
- The broader market is seeing a shift towards regulated XRP investment vehicles, with multiple ETFs preparing for launch.
21Shares, one of the world’s biggest crypto index fund issuers, just got the thumbs up from the US Securities and Exchange Commission for its XRP ETF. After throwing in an application through the standard route of filing Form 8-A, things are looking good: this thing should be up and trading on the Cboe BZX Exchange in a week or so, under the ticker TOXR – a major milestone towards getting XRP on the radar for US investors.
This approval comes courtesy of a 21Shares filing on November 7th, using the SEC’s standard new-fund setup procedure. Still, the SEC’s sped-up review process – courtesy of the recent US government shutdown reversal – gave the whole thing a nice little kick along. And to prove that things are actually moving, the SEC filing says 21Shares has already got Cboe BZX Exchange onside for its product – that’s the final regulatory tickbox before launch.
This positions 21Shares among an emerging group of competitors — including Bitwise, Grayscale, and Franklin Templeton — preparing their own XRP ETFs for market entry.
Key Details of the TOXR XRP ETF
The new ETF will track the CME CF XRP-Dollar Reference Rate, offering investors pricing transparency and institutional-grade methodology.
Custodians & Service Providers
- Coinbase Custody, Anchorage Digital Bank, BitGo Trust – digital asset custodians
- BNY Mellon – cash custodian, administrator, and transfer agent
- Foreside Global Services – marketing agent
Additional Features
- Initial Seed Capital: 10,000-share creation baskets purchased by 21Shares US LLC
- Management Fees: Not yet disclosed (Franklin Templeton leads with 0.19%)
- Upcoming Launches: Bitwise’s XRP ETF will begin trading under ticker XRP on NYSE Arca on November 20
These developments highlight a broader shift toward regulated, institutionally accessible XRP investment vehicles.
XRP Market Reaction: Price Stabilizes After Volatility
XRP has risen 5% in the past 24 hours, recovering from a sharp 9% decline to trade near $2.12, with daily movement between $2.01 and $2.17.
Investor participation has accelerated, with trading volume up 26%, signaling renewed engagement driven by ETF momentum.
Futures data shows a mixed but elevated derivatives landscape:
- Total futures open interest: +0.30% to $3.38 billion
- CME 4h open interest: +0.56%
- Binance 4h open interest: –1.17%
This backdrop points to rising institutional attention ahead of multiple ETF launches.
XRP/USD Price Prediction – Technical Outlook
XRP/USD remains under pressure after losing the $2.20 zone, with sellers continuing to dominate the 4-hour structure. Price is trading below the 20-EMA and 50-EMA, reinforcing a weak short-term trend. Recent candles show shallow rebounds and quick rejections, indicating that buyers are not stepping in with conviction.
The pair is currently stabilizing near $2.10, a former pivot area. If this level fails, downside risk opens toward $1.99, followed by deeper support at $1.86, where the ascending trendline and horizontal structure intersect. RSI is holding around the mid-40s, showing muted momentum and no bullish divergence.
For sentiment to shift, XRP must reclaim $2.30, a key confluence level formed by a descending trendline and prior reaction zone. A breakout above this threshold could target $2.52. Until then, the broader structure favours sellers, and any corrective bounce may face early resistance.
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