21Shares’ XRP ETF Gets SEC Approval, Set to Start Trading on Monday
Highlights:
- SEC approved 21Shares’ XRP ETF, scheduled to start trading Monday under TOXR.
- The ETF becomes the fifth U.S.-listed XRP fund entering the market quickly.
- 21Shares joins other issuers already seeing strong interest from institutional investors.
The U.S. market is set to welcome a new XRP ETF as 21Shares prepares its listing. The fund will start trading on Monday under the ticker TOXR, as per the new filing. The SEC has approved the fund, and it will list on the Cboe BZX Exchange. This listing puts 21Shares alongside other issuers who recently launched XRP ETFs.
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New 21Shares ETF Tracks XRP Spot Price Without Direct Holding
21Shares’ upcoming ETF will track the CME CF XRP-Dollar Reference Rate. It will allow investors to gain exposure to XRP’s spot price without holding the digital asset directly. The fund becomes the fifth U.S.-listed XRP ETF to launch within a few days, joining several competitors that are already seeing strong inflows from institutional investors.
🚨BREAKING: 21Shares will launch its SPOT #XRP ETF this monday! pic.twitter.com/oLyESDmIoT
— JackTheRippler ©️ (@RippleXrpie) November 28, 2025
The ETF listing was approved automatically by the SEC using Form 8-A. This is an official step that lets a crypto ETF start trading in the U.S. 21Shares now joins other big issuers who are attracting strong interest from institutional investors. Experts see that the growing demand for spot XRP ETFs shows confidence in the XRP market. Because these ETFs hold XRP in custody, the supply of XRP on exchanges is reduced. This means fewer XRP tokens are available for regular trading, which can affect price movement.
ETF Trading Activity Supports Price Despite Wider Market Weakness
Earlier this week, other ETFs from Grayscale and Franklin Templeton started trading. GXRP saw $67.36 million in flows on its first day, while XRPZ had $62.59 million. Data from SoSoValue shows these ETFs received $666 million in net inflows in less than a month. Total assets now reach $687.81 million, around 0.52% of XRP’s total market cap. There were no outflows during this period. This consistent accumulation shows strong investor confidence in regulated XRP custody.
The ETFs saw $38.12 million in trading on November 26 alone. Earlier in the month, trading was even higher when large inflows hit the funds. XRP’s price stayed volatile, around $2.20, as ETF demand helped support it despite weakness in the wider crypto market.
Analysts expect 21Shares’ ETF listing to increase competition in the U.S. market. Investors now have more options to access spot XRP through regulated products, which could boost liquidity and inflows in the sector. The fast accumulation of funds into these ETFs shows strong market confidence. It signals a shift toward institutional participation rather than speculative retail trading. The concentrated inflows may tighten trading conditions on exchanges, as more XRP tokens stay in custody.
CoinShares, which had earlier filed to launch a U.S. XRP product, recently withdrew its application. The withdrawal followed amendments submitted in August and October. CoinShares has also halted its plans for Solana Staking and Litecoin ETFs. Expert Chad Steingraber said changes in the company’s structure likely influenced the decision.
CoinShares is merging into a new company called Odysseus Holdings Limited. Intended to strengthen their US digital asset market with new products.
They will most likely wait until after the Q1 26 close before resubmitting new ETF’s. https://t.co/rw2KQbIiZi pic.twitter.com/SlOPRlR8LK
— Chad Steingraber (@ChadSteingraber) November 29, 2025
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Syed Ali Haider
Ali Haider is a contributing crypto writer at Crypto2Community. He is a crypto and blockchain journalist with over six years of experience and has long advocated for digital freedom and cybersecurity. Haider has been featured in several high-profile crypto and finance outlets, including Coincult, AltcoinBeacon, BTCRead, and more.
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