Advertise
- Debashree Patra
Debashree Patra
- Reviewed by:
Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Dec 11, 2025 08:06 UTC
-
21Shares’ TOXR XRP ETF Cleared by Cboe as Inflows Near $1 Billion
-
XRP $ 2.01 (-3.21%) 
Cboe approves 21Shares’ TOXR, the fifth U.S. XRP ETF, pushing total inflows near $1B as institutions pour over $170M weekly despite XRP’s price stagnation.
Ripple-backed TOXR launches with 100M XRP liquidity, multi-custodian security, and rising demand as XRP ETFs become the fastest-growing U.S. crypto ETF category.
XRP ETF momentum continues to grow as Cboe approves 21Shares’ spot XRP fund for listing under the ticker TOXR, making it the fifth XRP ETF in the U.S. and pushing total inflows close to the $1 billion mark.
Despite the strong demand, XRP’s price remains stuck below the $2.09–$2.10 resistance level with limited movement. Even so, U.S. spot XRP ETFs recorded over $170 million in weekly inflows with no outflows, showing solid institutional interest even as the price lags.
A New XRP ETF Ready to Launch
Cboe confirmed its approval through an SEC filing, clearing the final exchange requirement before trading can begin. The S-1 filing still includes a delaying amendment, but this is mostly procedural, indicating 21Shares is waiting for the final regulatory sign-off. Once launched, TOXR will join other recently introduced XRP ETFs, including Franklin Templeton’s fund.
The TOXR ETF will track the CME CF XRP-Dollar Reference Rate (New York Variant), giving investors regulated XRP exposure without the need to manage private keys or handle self-custody—one of the biggest hurdles for traditional investors.
Inside the TOXR Structure
The ETF has a 0.3% annual sponsor fee, calculated daily and paid weekly in XRP. It also uses a multi-custodian model with Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company, following regulatory best practices for crypto asset security.
Ripple Markets has strengthened the fund’s liquidity by seeding it with 100 million XRP (worth about $226 million), giving TOXR unusually strong backing from the start. The fund supports both in-kind XRP creation/redemption and cash settlements, offering flexibility for institutional players.
XRP ETFs Closing in on $1 Billion
XRP ETFs have quickly become one of the fastest-growing segments in the U.S. crypto market. In less than a month, the four active spot funds have attracted around $954 million in inflows with no net outflow days. Even during recent market volatility, they added another $10 million, showing consistent institutional demand.
Ripple CEO Brad Garlinghouse highlighted that XRP is now the fastest-growing U.S. crypto ETF category by AUM since Ethereum.
What’s Next for XRP ETFs?
With products already live from Canary Capital, Bitwise, Grayscale, and Franklin Templeton, and 21Shares preparing for launch, the XRP ETF market is becoming increasingly competitive. At the same time, Ripple has released a new XRP Ledger update aimed at improving network stability and expanding DeFi features, supporting the asset’s long-term outlook as institutional adoption continues to rise.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
TOXR is a spot XRP ETF approved for listing by Cboe, giving investors regulated XRP exposure without managing wallets or private keys.
The ETF is awaiting final regulatory clearance. Once approved, trading will begin and TOXR will join other recently launched XRP ETFs.
The new 21Shares spot XRP ETF approved for listing on Cboe will trade under the ticker symbol TOXR. It tracks a regulated benchmark price and has a 0.3% annual fee.
As of December 2025, five spot XRP ETFs are either live or cleared to launch in the U.S.: Grayscale, Bitwise, Canary Capital, Franklin Templeton, and the upcoming 21Shares TOXR.
They provide a familiar, custodial investment structure, eliminating the need for private keys or self-custody. This bridges the gap between traditional finance and cryptocurrency access with enhanced security and regulatory oversight.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Yes 
No 
