A new exchange-traded fund from 21Shares is now available for investors seeking exposure to XRP. The fund, trading under the ticker TOXR, launched on the CBOE exchange.
The ETF is designed to mirror the performance of XRP, a cryptocurrency built for efficient international settlement. Its arrival adds to the growing field of crypto-focused investment vehicles in the US.
Firm executives expressed enthusiasm about meeting client demand for diversified crypto access. The product aims to provide a straightforward path to invest in the digital asset and its surrounding payment ecosystem.
TOXR enters a market recently populated with similar funds from competitors like Grayscale. These launches collectively represent a significant expansion of XRP-linked investment products for the US public.
In a move to enhance asset safety, 21Shares has engaged multiple custodial partners for the ETF. Coinbase, Anchorage Digital Bank, and BitGo will share custody duties. This launch follows 21Shares’ introduction of other single-asset crypto ETFs, including one for Solana.
