21Shares XRP ETF Gains Cboe Approval After $226M Seed and Awaits Trading
The 21Shares XRP ETF has taken a major step closer to trading after the Cboe BZX Exchange approved its listing.
Quick overview
- The 21Shares XRP ETF has received approval from the Cboe BZX Exchange for listing, moving closer to trading.
- The ETF tracks the CME CF XRP-Dollar Reference Rate and offers a regulated way for investors to gain exposure to XRP.
- It features a 0.3% annual sponsor fee and utilizes a multi-custodian model for asset security.
- The approval comes amid a surge in popularity for XRP-related ETFs, with significant net inflows and multiple active funds.
The 21Shares XRP ETF has taken a major step closer to trading after the Cboe BZX Exchange approved its listing. The SEC has confirmed in a December 10th filing that the exchange is ready to list and register the ETF once it finalizes the details surrounding its issuance. The fund basically tracks the CME CF XRP-Dollar Reference Rate – New York Variant, giving investors who want to get in on XRP a regulated way to do so without handling the asset directly.
Just last month, the SEC gave the firm an automatic approval for their 8-A registration – & only 3 weeks later, this is big news – although it’s worth noting the company’s December 8th S-1/A still says “Subject to Completion” – but to be honest, regulators don’t think it’s a major hurdle. We’re talking about a possible trading debut as soon as next week, depending on how the admin side goes.
ETF Structure and Market Mechanics
The ETF has an annual sponsor fee of 0.3% (calculated daily and paid weekly in XRP), and to keep the XRP safe, it uses a multi-custodian model with Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company. We’ve got the firm Ripple Markets putting in 100 million XRP – or roughly $226 million at today’s prices – to get the ball rolling on this one.
🚨 LATEST: CBOE has certified its approval to list and register the 21Shares XRP ETF. pic.twitter.com/gCYjx5j8Df
— Cointelegraph (@Cointelegraph) December 11, 2025
Other authorized participants will be able to get in on the action by either transferring in XRPs or putting up cold, hard cash. After this is up & running, the ETF will be trading under the ticker TOXR on the Cboe BZX Exchange.
Key ETF Features
- 0.3% sponsor fee
- Multi-custodian custody model
- 100 million XRP seeded
- Cash or in-kind share creation
- Ticker TOXR on Cboe BZX
🚨 🚨 BREAKING NEWS:
Cbeo Exchange has approved the listing for 21SHARES Spot XRP ETF with the US SEC! 📃 🪙 💰 🇺🇸
Launching could be tomorrow!
BOOOOOOM! 🔥 🔥 🔥 🔥 🔥 #XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎 pic.twitter.com/r0EQwSQX2m
— Kenny Nguyen (@mrnguyen007) December 10, 2025
Impact on XRP’s Expanding ETF Market
Approval famously comes at a time when XRP-related ETFs are starting to explode in popularity. This new momentum started after the SEC & Ripple reached a deal that basically said XRP is not a security in any of those secondary-market deals. Since the end of November, we’ve seen loads of new spot XRP ETFs popping up – kinda like the early days of Ethereum ETFs.
As of December 11th, there were at least four active spot XRP ETFs, totaling around $1 billion, with $900 million+ in net inflows alone. The 21Shares ETF is going to be a BIG player in this evolving market, with its pretty healthy ‘seed capital’, institutional custodial approach, and high-profile listing on the Cboe BZX.
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