The race to expand the fast-growing XRP exchange-traded fund ecosystem is heating up once again. The Chicago Board Options Exchange (CBOE) has officially approved the 21Shares XRP ETF for trading, marking the fifth product of its kind to debut in the United States.
The approval reinforces the surging institutional demand for XRP exposure and signals continued confidence in the digital asset’s regulatory outlook.
CBOE Greenlights 21Shares XRP ETF
The Cboe, in a new filing to the US SEC, confirmed the approval of the 21Shares spot XRP ETF, which will trade under the ticker TOXR. Once it meets final requirements, TOXR will begin trading on the Cboe BZX Exchange.
Furthermore, the fund is expected to track the New York variant of the CME CF XRP-Dollar Reference Rate, providing investors with exposure to XRP price performance without the need to hold the asset directly. Additionally, the fund will feature an annual sponsor fee of 0.3%, which will be charged daily and paid weekly in XRP.
Meanwhile, the recent approval has increased the number of full spot XRP products in the US to five, indicating increased pressure from asset managers eager to capitalize on the recent momentum surrounding XRP ETFs. The approval also comes shortly after 21Shares updated its S-1 registration, for the fifth time, completing the final steps before launch.
Rising Institutional Appetite for XRP
In other news, XRP continues to enjoy renewed investor confidence as regulatory clarity strengthens and ETF offerings expand. The first four US spot XRP ETFs have already surpassed expectations, contributing hundreds of millions in inflows, and are currently close to smashing the $1 billion AUM in less than a month of trading.
The introduction of a fifth ETF is expected to amplify this trend. Analysts note that institutional appetite is being fueled by XRP’s unique use case in global payments and cross-border remittances, an area where traditional financial players see growing partnership opportunities.
Meanwhile, TOXR will be the latest XRP fund to launch, following Franklin Templeton’s XRPZ, which entered the US ETF market late last month.
What the New ETF Means for the Market
The addition of another XRP ETF on a major U.S. exchange could help deepen liquidity, stabilize price fluctuations, and attract a broader set of investors, including those in retirement accounts, hedge funds, and registered investment advisors.
XRP could also see an uptrend in its price value, as several analysts predict that increased institutional adoption could propel the token to a new high. One such analyst, Sanh Diep, even speculated that XRP will surge to $1,000 by 2070.
Meanwhile, 21shares in an X post hinted at the upcoming launch, sparking bullish interest among the XRP community.
Temitope Olajide
The CoinRemark Team
