Key Takeaways
- 21Shares today updated its XRP ETF filing with the SEC.
- The ETF aims to track the performance of XRP, with the shares listed under the ticker TOXR on the Cboe BZX Exchange.
21Shares, the leading provider of exchange-traded products, filed an 8(a) on Friday submit for its spot XRP ETF, which under US securities laws would automatically take effect after 20 days without SEC intervention.
The 21Shares XRP ETF is expected to list on the Cboe BZX Exchange under the ticker symbol TOXR.
According to the prospectus, the custody of XRP will be managed by three regulated entities, including Coinbase Custody Trust Company, Anchorage Digital Bank and BitGo Trust Company. Authorized participants, including Jane Street Capital and Macquarie Capital, can create or redeem shares in cash or in kind.
Other asset managers, including Canary Capital, Franklin Templeton and Bitwise, have also filed updated filings with the SEC and appear poised for a possible launch soon.
XRP and Dogecoin ETFs are next in line for launch, after Bitwise’s spot Solana ETF and Canary Capital’s Litecoin and HBAR ETFs.
Earlier this year, in March, Ripple CEO Brad Garlinghouse predicted the launch of multiple XRP ETFs in the US in the second half of 2025 after legal issues with the SEC were resolved.
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