
21Shares launches U.S. spot XRP ETF December 1, joining growing institutional demand categories.
New ETF under ticker TOXR gives investors direct XRP exposure without managing token storage.
XRP ETFs record $666.61 million inflows, pushing price up and reducing exchange liquidity.
The European crypto firm 21Shares has confirmed that its U.S. spot XRP ETF will officially begin trading on 1 December 2025 under the ticker TOXR. This makes 21Shares the fifth Spot XRP ETF fund in the U.S., joining the others.
Meanwhile, the launch comes as XRP ETFs record $666.61 million in inflows, helping XRP’s price jump 12% this week.
21Shares XRP ETF Launches on December 1
According to an SEC filing dated November 28, 2025, 21Shares’ spot XRP ETF will be traded under the ticker (TOXR) and will officially begin trading on the Cboe BZX Exchange on December 1.
The ETF is designed to track the CME CF XRP-Dollar Reference Rate, giving investors direct exposure to the spot price of XRP without needing to buy or store the token themselves.
The filing was cleared using Form 8-A, completing one of the last regulatory steps needed for a crypto ETF to go live in the U.S.
This listing marks a first for a European issuer dominating the U.S. XRP ETF space, giving 21Shares a unique global advantage. Already, the firm manages over 40 crypto ETPs worldwide, controlling nearly 50% of Europe’s crypto ETP market, and expanding its influence across Europe, the Middle East, and Asia.
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How the 21Shares Spot XRP ETF Works?
According to the filing, TOXR will hold physical XRP in secure custody, similar to how spot Bitcoin and Ethereum ETFs operate. The fund will rely on daily creation and redemption baskets to stay closely aligned with XRP’s real-time market price.
While the final expense ratio has not been revealed yet, industry expectations point to a competitive range between 0.25% and 0.40%.
Custody will be handled by Anchorage and BitGo, both known for providing cold storage and multi-signature security, ensuring institutional-grade protection.
XRP ETF Inflows Hit $666.61 Million
Since earlier U.S. spot XRP ETFs have already recorded $666.61 million in inflows, showing strong interest from institutional buyers, according to SoSoValue.
However, this rush of inflows has also reduced the amount of liquid XRP available on exchanges.
Impact On XRP Price
Following strong inflows into XRP ETFs, the XRP token has jumped 12% this week, now trading above $2.19. Analysts expect these ETFs could eventually attract over $50 billion, similar to the early Solana ETF success.
With exchange reserves falling and buying pressure rising, XRP could move toward $2.70–$3.00, especially if Bitcoin breaks above $100,000.
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FAQs
It begins trading on December 1, 2025 under the ticker TOXR, giving investors direct exposure to XRP through a regulated U.S. exchange.
The ETF holds physical XRP in secure custody and tracks XRP’s spot price, letting investors gain exposure without buying or storing the token directly.
Analysts believe rising ETF demand and lower exchange supply could push XRP toward the $2.70–$3.00 range if market momentum continues.
Custody is handled by institutional-grade providers using cold storage and multi-signature security to keep the ETF’s XRP holdings protected.
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