🔥Fifth XRP Spot ETF on the Way After CBOE Approval of 21Shares Application
Once live, the ETF will track the CME CF XRP-Dollar Reference Rate (New York Variant), giving investors exposure to XRP via a regulated fund structure without handling the asset directly.
What to know:🎯
✅The Cboe BZX Exchange has certified approval for listing 21Shares' proposed XRP exchange-traded fund, moving it closer to launch.
✅The ETF, trading under the ticker TOXR, will allow investors to gain exposure to XRP without directly handling the asset, using a regulated fund structure.
✅Ripple Markets has seeded the fund with 100 million XRP, and the ETF's launch coincides with a new XRP Ledger upgrade aimed at enhancing network stability and DeFi functionality.
XRP
2.0409
+1.23%