21Shares has launched a new XRP ETF on the CBOE under the ticker TOXR, expanding the range of institutional-grade instruments available for XRP exposure. The ETF tracks the performance of the fourth-largest cryptocurrency by market capitalization and offers investors regulated access to XRP and the broader Ripple ecosystem.
In recent weeks, several major firms — including Grayscale, Canary Capital, and REX Shares — have also introduced similar products. This points to rapidly growing interest in XRP-based ETFs.
To ensure a high level of security for institutional clients, the ETF’s assets will be custodied by leading providers, including Coinbase, Anchorage Digital Bank, and BitGo. 21Shares highlights rising demand for diversified crypto investment products and expects the adoption of digital assets to continue accelerating at an exponential pace.
“The launch of TOXR will play a key role in meeting the growing demand from investors for cryptocurrency products in the U.S. market. We are excited to provide investors with access to XRP and the Ripple ecosystem,” said Federico Brokate, Global Head of Business Development at 21Shares.
Despite the introduction of new products, the broader crypto market remains in a prolonged consolidation phase, leaving many major assets well below their historical highs.
At the time of publication, XRP is trading approximately 45.5% below its all-time high of $3.65, yet it continues to show resilient institutional demand.
The newly launched XRP ETFs are already being viewed as a success: despite subdued market conditions, they have collectively attracted nearly $1 billion in capital. These products could further anchor XRP within traditional finance, enhance liquidity, and increase the asset’s overall visibility.