.png){kind=logo}
21Shares has confirmed that its US spot XRP ETF will start trading on Monday under the ticker TOXR. The launch comes at a time when XRP ETF products in the United States have already attracted hundreds of millions of dollars in fresh capital. XRP trades above $2.18 as institutional investors increase exposure through regulated funds.
According to recent regulatory filings, 21Shares will list its spot XRP ETF on the Cboe BZX Exchange on December 1, 2025. The product, called the 21Shares Core XRP Trust, will trade as TOXR and carry a 0.50% management fee.
The ETF tracks the CME CF XRP-Dollar Reference Rate, giving investors access to the spot XRP price without handling the token directly. The trust holds physical XRP in custody, using a structure similar to US spot Bitcoin and Ethereum ETFs. Anchorage and BitGo provide cold storage and multi-signature security for the fund’s underlying holdings.
Seed capital begins with 20,000 shares priced at $25 each, for an initial value of $500,000. Market participants can create and redeem baskets of shares each day so that TOXR trades close to the value of its XRP holdings. This framework allows institutional investors to gain XRP exposure through a familiar exchange-traded format.
The listing makes 21Shares the fifth issuer of a spot XRP ETF in the US market. It joins existing funds from Bitwise, Grayscale, Franklin Templeton, and Canary Capital, all of which have launched within recent weeks.
Data from SoSoValue shows that US spot XRP ETFs have recorded $666 million in net inflows in under a month. Combined net assets stand close to $687.81 million, which equals approximately 0.52% of XRP’s total market capitalization.
The inflows have arrived without any reported outflow days so far. Canary Capital’s ETF drew around $243 million on November 14, while another strong day came on November 24, when products from Grayscale and Franklin Templeton attracted nearly $164.04 million. The most recent trading session added $22.68 million in new capital.
As ETF custodians move XRP into regulated vaults, the amount of liquid XRP on exchanges has begun to shrink. Market analysts such as Jake Claver and Chad Steingraber point out that sustained ETF buying can tighten supply over time, especially if broader demand for XRP increases.
Despite the pace of growth in XRP ETF assets, the price of XRP has remained rather steady. Recent data indicate that XRP is trading between $2.18 and $2.26, up about 12% on the week. The token currently trades above the $2.00 area, which many chart analysts treat as short-term support.
XRP's structure, meanwhile, could be described by technical analysts as a reaccumulation phase. Some charts highlight a breakout from a descending wedge pattern. Short-term upside targets at $2.27, $2.50, and $3.00 exist, depending on conditions with the wider market and the price trend of Bitcoin.
The US XRP ETF roster may expand further. With 21Shares entering as the fifth issuer, applications from CoinShares and WisdomTree remain in the pipeline. CoinShares paused its own XRP ETF plan while it restructures through a SPAC merger into Odysseus Holdings Limited.
Also Read: XRP Price Prediction: Ripple Eyes $6 Target, but Remittix’s Viral Momentum Is Turning Heads
