TOXR Begins Trading on CBOE, Expanding U.S. Access to XRP
A new exchange-traded fund tied to XRP has entered the U.S. market, with 21Shares launching its XRP ETF under the ticker TOXR on the CBOE exchange. The product offers investors regulated access to the world’s fourth-largest cryptocurrency by market capitalization, expanding institutional pathways into the Ripple ecosystem.
The debut of TOXR follows a recent wave of XRP-linked products from multiple issuers, reflecting a surge in investor appetite for diversified crypto exposure. In the past several weeks, new XRP ETFs have also been introduced by firms including Grayscale, Canary Capital and REX Shares. XRP, known for enabling fast and low-cost cross-border payments, has long been viewed as a key asset in blockchain-based financial infrastructure.
21Shares said the new ETF is designed to meet growing U.S. demand for accessible crypto investment options. The firm underscored that TOXR gives investors direct price exposure while maintaining the operational safeguards typical of regulated funds.
Robust Custody Framework for Added Security
To strengthen asset protection, the ETF relies on a tri-custodian model involving Coinbase, Anchorage Digital Bank and BitGo. The firm noted that distributing custody responsibilities enhances resilience and security across the product.
With the addition of TOXR, 21Shares expands its lineup of digital asset ETFs, including offerings focused on other major networks. The company expects continued growth in institutional and retail adoption as crypto integration accelerates across U.S. markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.