About TOXR, XRP ETF Fund from 21Shares: All You Should Know

The world of cryptocurrency is constantly evolving, and with the launch of TOXR, 21Shares’ U.S. spot XRP ETF, investors have a new way to access XRP without directly handling tokens.

The fund debuts on December 1, 2025, on the Cboe BZX Exchange and is designed to track the CME CF XRP-Dollar Reference Rate.

This gives traders and institutions direct exposure to XRP’s price, while removing the complexity of managing wallets or private keys.

With other XRP ETFs already seeing strong inflows and rising prices, TOXR is positioned to play a significant role in the U.S. market.

In this guide, we’ll break down what TOXR is, how it works, its market impact, and what investors should know.

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Key Takeaways

• TOXR is 21Shares’ spot XRP ETF, offering regulated access to XRP without handling tokens directly.

• Institutional interest is strong, with XRP ETFs already seeing over $666 million in inflows.

• The launch may tighten XRP liquidity and influence prices, making this a milestone week for the market.

What Is TOXR and How Does It Work?

TOXR is a spot XRP ETF from 21Shares, a European crypto issuer managing over 40 exchange-traded products worldwide.

The fund holds actual XRP in secure custody with Anchorage and BitGo, providing institutional-grade protection.

Key Features

• Tracks the CME CF XRP-Dollar Reference Rate for accurate pricing

• Uses creation and redemption baskets to stay aligned with XRP’s market price

• Expense ratio expected between 0.25% and 0.40%

• Physical custody handled with cold storage and multi-signature security

The ETF allows investors to gain exposure to XRP through a regulated, exchange-traded vehicle.

It removes the operational hurdles of buying, storing, and securing tokens, making it appealing for institutions and traders seeking simplicity and transparency.

By holding actual XRP, TOXR mirrors the performance of the underlying asset closely, providing a reliable alternative to direct cryptocurrency purchases.

Read Also: Can You Mine XRP? Learn All About XRP Mining

Market Impact and Investor Interest

Since the introduction of earlier U.S. XRP ETFs, inflows have already reached $666.61 million. This rising demand has caused XRP’s price to jump 12% in just one week, reaching above $2.19.

Analysts expect the influx of institutional investment could push XRP even higher, especially with Bitcoin showing signs of upward momentum.

Market Dynamics

• Reduced liquidity on exchanges due to ETF purchases

• Rising demand from institutional investors

• Potential price increase toward $2.70-$3.00 if trends continue

This week marks the first time five pure spot XRP ETFs, including TOXR, are trading simultaneously. The staggered ETF launches allow different issuers to attract institutional attention individually.

Experts predict that as ETFs compete to accumulate XRP, the combination of high demand and lower available supply may create increased volatility and potential upward price movement.

Read Also: XRP ETFs Outpace Bitcoin: $644M Global Inflows and Price Breakout in 24 Hours

21Shares’ Position and U.S. Market Expansion

21Shares’ entry into the U.S. ETF space with TOXR is notable because it makes a European issuer a key player in the American XRP market.

Globally, the firm dominates nearly 50% of Europe’s crypto ETP market, and this launch further expands its influence.

Advantages for Investors

• Access to regulated XRP exposure without direct token management

• Secure custody provided by Anchorage and BitGo

• Daily price transparency and standard brokerage integration

The ETF model appeals to professional investors by reducing operational complexity and offering a familiar structure for holding digital assets.

TOXR’s launch also reflects the growing interest in regulated cryptocurrency products, with more firms filing XRP ETF applications for U.S. approval.

The combination of strong institutional demand, shrinking exchange supply, and regulated structures sets the stage for TOXR to influence XRP markets significantly in the coming months.

Read Also: Is It Too Late to Buy XRP in 2025? What Price Action and Market Outlook Say

Conclusion

TOXR, 21Shares’ spot XRP ETF, provides investors with an efficient way to access XRP through a regulated exchange-traded product.

By holding actual XRP in secure custody and tracking the spot price, TOXR eliminates the need for direct token management while offering transparency and institutional-grade security.

This launch comes at a time of strong market interest, with ETF inflows exceeding $666 million and XRP prices rising in response.

The first full week with five active spot XRP ETFs is expected to reveal trends in institutional accumulation and could shape XRP’s market dynamics for months.

For investors seeking a complementary trading platform, Bitrue offers an easy and safe way to trade XRP and other cryptocurrencies.

By combining regulated ETFs like TOXR with Bitrue’s secure and user-friendly platform, traders can manage their crypto exposure effectively while benefiting from market insights and fast transaction execution.

FAQ

What is XRP ETF TOXR?

TOXR is a spot XRP ETF by 21Shares, allowing investors to track XRP’s price without holding tokens directly.

How does TOXR secure its XRP holdings?

XRP is stored with Anchorage and BitGo, providing cold storage and multi-signature security for institutional protection.

Will TOXR affect XRP prices?

Yes, strong ETF inflows and reduced exchange liquidity may influence price movements positively.

Can retail investors buy TOXR?

Yes, TOXR can be purchased via standard brokerage accounts, giving retail and institutional investors regulated exposure.

How is TOXR different from other XRP ETFs?

TOXR is the first U.S. spot XRP ETF from a European issuer, offering a unique combination of global experience, regulated custody, and direct market exposure.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.