21Shares submits S-1 amendment for XRP ETF, moving closer to approval
21Shares has submitted an amended S-1 for the XRP ETF (ticker TOXR) to the SEC, marking a significant step in the approval process. This reflects the growing institutional demand for XRP investment products regulated in the US. A report from DAS Research emphasizes that XRP and Ripple are developing into a global payment infrastructure thanks to high speed, low costs, and RippleNet collaboration. However, it faces competition from stablecoins and regulation. The XRP ETF recorded a net inflow of $38.04 million on December 8, the highest among crypto funds, pushing total AUM over $1 billion – the fastest growth since the ETH ETF.
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