21Shares files Form 8‑A — U.S. spot XRP ETF 'TOXR' to begin trading on Cboe BZX on Dec 1, will hold physical XRP with Anchorage and BitGo custody

first published 2025-11-29T07:31:27Z

21Shares confirmed its U.S. spot XRP ETF will start trading Dec 1, 2025 on the Cboe BZX Exchange under ticker TOXR via a Nov 28 Form 8‑A filing. The fund will track the CME CF XRP‑Dollar Reference Rate, hold physical XRP in custody (Anchorage and BitGo), and use daily creation/redemption baskets. 21Shares becomes the fifth U.S. spot XRP ETF provider; existing XRP ETFs have seen $666.61M in inflows alongside a ~12% weekly price rise (XRP > $2.19) and reduced exchange reserves. Expected expense ratio is near 0.25–0.40% and some analysts cite $2.70–$3.00 as potential upside if momentum continues.

AI Analysis

21Shares formally filed an 8‑A and set a concrete launch date (Dec 1) and ticker (TOXR); the fund will hold physical XRP with named custodians and track a specific CME reference rate. The article also cites $666.61M of inflows into existing XRP ETFs, a ~12% weekly price rise to above $2.19, and lowered exchange reserves — all factual items that support a bullish market reaction and meaningful short‑term trading impact.

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