21Shares Readies Launch of XRP ETF (TOXR)
21Shares has submitted an updated prospectus to the U.S. Securities and Exchange Commission for an XRP exchange-traded fund that would trade under the ticker TOXR, signaling progress toward a formal listing. The updated filing refines the fund's terms and is a clear step in the issuer's push to bring regulated, exchange-traded exposure to XRP to U.S. investors.
The move matters because it adds momentum to a growing slate of proposed XRP ETFs from firms such as Canary, Grayscale, and Bitwise, underscoring rising institutional interest in token-based funds. Approval would expand access and could influence market liquidity and investor demand, though timing depends on the SEC's review. Market participants will watch for further filings and any regulatory guidance that could shape the path to listing.