Key Takeaways
- 21Shares updated its XRP ETF filing with the SEC today.
- The ETF aims to track the performance of XRP, with shares to be listed under the ticker TOXR on the Cboe BZX Exchange.
21Shares, the leading crypto exchange-traded product provider, on Friday submitted an 8(a) filing for its spot XRP ETF, which under US securities law would become automatically effective after 20 days absent SEC intervention.
The 21Shares XRP ETF is expected to be listed on the Cboe BZX Exchange under the ticker symbol TOXR.
Custody of XRP will be managed by three regulated entities, including Coinbase Custody Trust Company, Anchorage Digital Bank, and BitGo Trust Company, according to the prospectus. Authorized participants, including Jane Street Capital and Macquarie Capital, can create or redeem shares either in cash or in-kind.
Other asset managers, including Canary Capital, Franklin Templeton, and Bitwise, have also lodged updated filings with the SEC and appear ready for a potential launch soon.
XRP and Dogecoin ETFs are next in line for launch following Bitwise’s spot Solana ETF and Canary Capital’s Litecoin and HBAR ETFs.
Earlier this year, in March, Ripple CEO Brad Garlinghouse predicted the launch of multiple XRP ETFs in the US in the second half of 2025, post-settling legal issues with the SEC.
Source: https://cryptobriefing.com/21shares-updates-xrp-etf-8a-triggering-20-day-countdown/
