21shares Broadens US Spot Crypto Lineup with the Launch of XRP ETF (TOXR)

NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- 21shares, one of the world’s largest issuers of cryptocurrency exchange traded products (ETPs), today announced the launch of the 21Shares XRP ETF (TOXR) on CBOE. The launch of TOXR provides investors the ability to gain exposure to XRP through their existing bank or brokage, enabling them to participate in one of the leading blockchains in cross-border transactions and the potential future of global payments. With a total expense ratio (TER) of 0.30%, TOXR tracks the performance of XRP.

TOXR is not registered under the Investment Company Act of 1940, as amended (" '40 Act"), and is not subject to the same regulations and protections as '40 Act registered ETFs and mutual funds. TOXR is subject to significant risk and heightened volatility. XRP assets are not suitable for an investor who cannot afford the loss of the entire investment. An investment in TOXR is not a direct investment in XRP.

“21shares is committed to providing U.S. based investors with unparalleled access to the world’s leading cryptocurrencies, and this launch is another example of this effort,” said Russell Barlow, CEO of 21shares. “We play an instrumental role in creating financial products that capture the innovative technologies transforming our industry, and we’ve leveraged our nearly eight years of experience developing, launching and managing crypto exchange-traded products around the world to bring TOXR to the U.S. market.”

XRP is currently the fourth largest cryptocurrency by market capitalization¹. XRP has gained significant traction from institutions due to the speed and cost efficiency of its payment network. Currently, XRP is actively connecting payment systems in more than 55 countries and is being utilized by over 100 financial institutions, with some governments testing its technology for official cross-border payment solutions.²

21shares has employed a multi-custody approach to its US spot crypto ETPs as a crucial risk management strategy, and having multiple custodians provides enhanced security and improves the overall operational excellence of the firm’s product lineup. 21shares’ custody partners include Coinbase, Anchorage Digital Bank and BitGo, all selected due to their track records in regulatory compliance, safety, and security.

Flow Traders acts as the lead market maker for TOXR. 21shares’ partnership with Flow Traders provides liquidity and institutional access to crypto markets.

Commenting on today’s announcement, Federico Brokate, Global Head of Business Development at 21shares said: “We are seeing increased demand from U.S.-based clients for diversified crypto exposure and expect adoption of cryptocurrencies to continue to rise exponentially in the coming months and years. The launch of TOXR will play a meaningful role to satisfy the growing investor appetite for cryptocurrencies in the U.S. market, and we are thrilled to offer investors exposure to XRP and the Ripple ecosystem.”