21Shares Expands Crypto ETF Suite with New XRP Offering
The CBOE exchange has listed a new exchange-traded fund tracking the cryptocurrency XRP. The product, issued by 21Shares under the ticker symbol TOXR, commenced trading this week.
This launch provides a regulated investment avenue for gaining exposure to XRP’s market performance. The digital asset is closely associated with Ripple Labs and its payment network technology.
“The launch of TOXR will play a meaningful role to satisfy the growing investor appetite for cryptocurrencies in the US market,” said a 21Shares executive. The firm highlighted its focus on expanding access to digital asset ecosystems.
21Shares joins several other asset managers that have recently rolled out similar XRP ETF products. This trend signals increasing institutional interest in offering diverse crypto exposure to US investors.
Security for the new ETF’s underlying assets will be handled by a trio of established custodians: Coinbase, Anchorage Digital Bank, and BitGo. 21Shares, known for its range of crypto ETPs in Europe, also offers a US-listed ETF focused on Solana.
