The encrypted market welcomes an important development - 21Shares' US spot XRP ETF has been officially approved and will be listed on Cboe on Monday, under the code TOXR.
This means that 21Shares has become the fifth issuer in the US to launch an XRP ETF, and the enthusiasm from institutions is far beyond expectations.
XRP ETF approved for launch: TOXR trading starts on Monday
According to the latest documents, 21Shares has been approved by the SEC, and its spot XRP ETF will be listed on Cboe BZX on Monday, with the trading code TOXR.
This listing is automatically approved after the issuer submitted the 8-A document to the SEC, indicating that the ETF has completed the final regulatory process and is ready to officially enter the market.
Currently, several institutions have launched XRP ETFs, and 21Shares will become the latest member.
Institutional 'bulk buying': $666 million inflow in less than a month.
Data from SoSoValue is very impressive:
Net inflow of the XRP ETF series: $666 million.
Total assets under management (AUM): $687.8 million.
This accounts for approximately 0.52% of XRP's total market capitalization.
There were no outflows during this period.
The most intense day of funding occurred on November 14, the day Canary was listed, but inflows have been steadily increasing in recent days, with an additional $22.68 million just yesterday.
This indicates:
👉 Institutions are not sitting on the sidelines but are continuously accumulating.
👉 The market liquidity of XRP is quietly being 'sucked away' by ETFs.
The custodian of the ETF will lock the tokens in a regulated vault, which will continuously reduce the circulating supply and potentially support long-term prices.
ETF issuers are clustering around XRP.
21Shares' TOXR will become another member among several new products this week.
Other newly launched products also performed impressively:
Grayscale GXRP: First-day inflow of $67.36 million.
Franklin Templeton XRPZ: First-day inflow of $62.59 million.
This wave of 'institutional buying' indicates that XRP, as a mainstream asset, is regaining recognition in the capital markets.
On the other side: CoinShares suddenly withdrew its application.
It is worth noting that CoinShares' originally planned XRP ETF was suddenly withdrawn.
Expert Chad Steingraber stated that this is related to internal structural adjustments within the company, rather than market or regulatory obstacles.
In other words: The withdrawal is not bad news; it's just a change in strategy from the issuer.
Summary: XRP has entered a formal large-scale expansion phase for ETFs.
21Shares XRP ETF officially listed on Monday (TOXR)
The XRP ETF series of products raised $666 million in less than a month.
The trend of institutional accumulation is obvious, with no outflows.
The circulating supply of XRP will continue to decrease as it is managed by ETFs.
Competition among ETF issuers is intense, and the market is entering a rapid growth phase.
In simple terms: The new cycle of XRP's ETF has just begun.
