TLDR
The Cboe BZX Exchange approved the listing of a spot XRP ETF from 21Shares, set to trade under the ticker TOXR, per an exchange filing reported by CoinDesk.
- Venue: Cboe BZX Exchange approved the listing of 21Shares XRP ETF (TOXR) as the next step before trading begins, per an exchange filing.
- Status: Listing clearance is distinct from final launch; trading follows remaining administrative steps noted in a news update.
- Details: The fund tracks the CME CF XRP Dollar Reference Rate and was seeded with 100 million XRP, per CoinDesk.
Deep Dive
1. Venue
Cboe BZX Exchange certified approval to list the proposed 21Shares XRP ETF, bringing it closer to launch on a major U.S. venue. The approval was noted in an SEC filing and reported by CoinDesk.
This aligns with multiple reports that Cboe BZX has greenlit the listing under ticker TOXR, positioning it alongside other digital asset products trading on the exchange, as covered by Crypto.news.
The which venue is Cboe BZX. A listing approval indicates the exchange is ready to host trading once final issuer steps are completed.
2. Status and Process
Listing approval is a key milestone but not the final one; trading typically begins after the issuer completes remaining documentation and administrative actions. Reports note the registration materials included procedural language that does not block listing, with launch timing dependent on final steps, per Crypto.news.
Coverage also framed this as another U.S. spot ETF step for XRP, with the exchange approval moving the fund closer to launch, as summarized by CoinDesk.
The approval answers where, and it signals proximity to trading, but an exact go-live date depends on remaining administrative clearances.
3. Product Details
The 21Shares XRP ETF will track the CME CF XRP-Dollar Reference Rate (New York Variant), offering regulated exposure without direct token handling, per CoinDesk.
Reports add that Ripple Markets seeded the ETF with 100 million XRP and that the sponsor fee is 0.3%, with a multi-custodian model (Coinbase Custody, Anchorage Digital Bank, BitGo) for asset safeguarding, covered by CoinDesk and Crypto.news.
The design aims to provide institutional-grade access to XRP with recognized pricing and custody infrastructure.
Conclusion
Answer: Cboe BZX Exchange. The approval is a listing clearance that puts 21Shares XRP ETF close to trading, pending remaining issuer steps. It is structured to track a recognized reference rate and uses established custodians, which supports institutional participation once it goes live.
CoinsKid.Com