21Shares moves toward launching its XRP ETF as fees drop, listing approval arrives, and investor demand remains strong today.
21Shares is preparing to launch its XRP ETF, which will be listed under the ticker symbol “TOXR” on the Cboe exchange. The company recently filed an updated prospectus with the U.S. Securities and Exchange Commission (SEC).
This filing marks a key step toward the ETF’s official launch, as 21Shares finalizes the details. Despite XRP’s current price fluctuations, the growing interest in XRP ETFs signals a strong market demand.
21Shares Reduces Fee for XRP ETF
In its latest SEC filing, 21Shares announced a reduction in its management fee for the upcoming XRP ETF. The management fee has been lowered from 0.50% to 0.30%. This change is designed to make the ETF more attractive to potential investors.
The move follows similar fee reductions from other XRP ETF issuers, such as Bitwise and Franklin Templeton. The reduced fee could help 21Shares compete more effectively in the growing ETF market.
However, the issuer has not yet disclosed any fee waiver periods, which could further influence investor decisions. Despite these uncertainties, the total assets under management (AUM) in XRP ETFs are nearing $1 billion, showing strong investor interest.
21Shares XRP ETF Receives Approval for Listing
21Shares has received approval from the Cboe BZX Exchange to list its XRP ETF under the ticker symbol “TOXR.” This is an important milestone in the ETF’s development, bringing it one step closer to launch.
The ETF will track spot XRP prices, using the CME CF XRP-Dollar Reference Rate as its benchmark. Additionally, Coinbase Custody, Anchorage Digital Bank, and BitGo Trust will serve as custodians for the ETF.
🚨 🚨 BREAKING NEWS:
21SHARES just refiled Form 8-A 1933 Act with SEC to launch Spot XRP ETF on Cboe BZX Exchange ticker (TOXR). With this 20 days fast track, we could expect the launch on Monday, December 29. 📃 🪙 💰 🇺🇸 #XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎 pic.twitter.com/h5AmmIHKbs
— Kenny Nguyen (@mrnguyen007) December 8, 2025
The ETF’s investment objective is to offer exposure to XRP, allowing investors to gain indirect access to the cryptocurrency. Despite the approval, the official launch timeline remains unclear. However, the ETF’s approval indicates that it is on track to launch soon.
Related Reading: Institutional Inflows Hit $666 Million as 21Shares XRP ETF Launches
XRP Price Holds Steady Amid Market Uncertainty
XRP’s price has been holding steady above the $2 mark, trading within a narrow range.
The price fluctuated between $2.05 and $2.12 in recent days, with little volatility. This range-bound movement reflects cautious market sentiment, as traders await economic data from the U.S. jobs report and the Federal Reserve’s upcoming interest rate decision.
Despite the price stability, XRP continues to see steady inflows into its ETFs. The trading volume for XRP has decreased by 8% over the past 24 hours, which suggests a temporary dip in trader interest.
However, the ongoing investment in XRP ETFs points to a long-term bullish outlook for the cryptocurrency. As 21Shares nears the launch of its XRP ETF, the market remains watchful.
Investors are hoping that the new ETF will provide additional exposure to XRP, potentially boosting its value. If the launch is successful, it could open the door for more institutional interest in XRP-based investment products.
