In accordance with Crypto.News, the 21Shares XRP ETF has been approved for listing on the Cboe BZX Exchange under the ticker TOXR. The fund, which uses multi-custody storage and charges a 0.3% annual sponsor fee paid in XRP, is expected to begin trading soon. Ripple Markets seeded the ETF with 100 million XRP, valued at approximately $226 million. The ETF will track the CME CF XRP-Dollar Reference Rate – New York Variant, offering investors regulated exposure to XRP without direct asset handling. The approval follows the SEC’s automatic approval of 21Shares’ 8-A registration and comes as the XRP ETF market continues to grow, with combined assets nearing $1 billion.
Cboe BZX Approves Listing of 21Shares XRP ETF Under Ticker TOXR
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Summary
Cboe BZX has approved the 21Shares XRP ETF for listing under the ticker TOXR. The ETF, which charges a 0.3% annual fee in XRP and uses multi-custody storage, is set to begin trading. Ripple seeded the fund with 100 million XRP, valued at $226 million. The fund tracks the CME CF XRP-Dollar Reference Rate, offering regulated XRP exposure. Recent ETF inflows have pushed XRP ETF assets near $1 billion.
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