Breaking 21Shares Prepares to Launch Its XRP ETF TOXR 🚀

21Shares is getting ready to roll out its XRP ETF, filing updated documents with the SEC as it moves closer to trading under the ticker TOXR on the Cboe exchange. The issuer has also cut its management fee, intensifying competition among XRP ETF providers.

🔑 Key Highlights

✅ Management fee reduced from 0.50 percent to 0.30 percent

✅ XRP ETF set to trade under ticker TOXR on Cboe

✅ $XRP price holds above 2.05 dollars ahead of FOMC meeting

Why it matters

21Shares has filed its fifth S 1 amendment with the SEC, signaling that its XRP ETF launch is nearing completion. The filing confirms a management fee reduction to 0.30 percent, though no fee waiver has been announced. This comes as total AUM across XRP ETFs approaches 1 billion dollars, with issuers like Bitwise, Franklin Templeton and Grayscale offering aggressive fee waivers. Franklin’s XRPZ remains the lowest at 0.19 percent.

The 21Shares XRP ETF became auto effective after a Form 8 A filing last month, but trading has not yet started despite Cboe approval for listing under the ticker TOXR. The fund will track spot XRP prices using the CME CF XRP Dollar Reference Rate. Coinbase Custody, Anchorage Digital Bank and BitGo Trust will handle custody. BNY Mellon will act as cash custodian, administrator and transfer agent, while Foreside will manage marketing.

XRP price is holding above 2.05 dollars as traders await the FOMC decision and US jobs report. The 24 hour range sits between 2.05 and 2.12 dollars, with trading volume down 8 percent, showing reduced activity ahead of macro events.

Derivatives sentiment remains mixed. Total XRP futures open interest slipped 2 percent to 3.62 billion dollars, while the 4 hour open interest edged slightly higher. CME’s OI fell 0.30 percent, while Binance and OKX saw small gains.

With filings complete and fees lowered, 21Shares is now one step away from launching another major XRP investment vehicle.