XRP ETF Soars Towards $1 Billion-Cboe Approves 21Shares’ TOXR Fund

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Hold onto your wallets, crypto fans! The XRP ETF frenzy is picking up speed faster than a kid on a sugar rush. In the latest twist, Cboe has given the green light to 21Shares’ spot XRP fund under the ticker TOXR. This makes it the fifth XRP ETF in the U.S., pushing the total inflows close to a jaw-dropping $1 billion. Don’t worry, though-no one is calling it a bubble yet… but who knows, right? 😏

Despite the clamor for XRP, the price is still stuck below that pesky $2.09-$2.10 resistance level, which seems to have the same magical hold over it as the last cookie in the jar at a family dinner. Still, institutional investors aren’t bothered, as U.S. spot XRP ETFs raked in over $170 million in weekly inflows. No outflows to speak of-guess people are just too busy with their “HODLing” strategies. 🤑

Wait, There’s a New XRP ETF Coming?

Yes, folks, you read that correctly. Cboe has officially signed off, giving 21Shares the go-ahead to launch their TOXR ETF. The S-1 filing is in, though it’s wrapped in a little delaying amendment-because why rush, right? They’re just waiting for that final regulatory stamp of approval. Once that’s done, TOXR will join the growing crowd of XRP ETFs, including Franklin Templeton’s shiny new fund. 🚀

For the uninitiated, TOXR is designed to track the CME CF XRP-Dollar Reference Rate (New York Variant), which means you get regulated XRP exposure without the hassle of managing private keys or dealing with the intricacies of self-custody. Let’s face it, no one really wants to spend their weekends trying to figure out how to keep their crypto safe from hackers, right? 🙄

What’s Inside This TOXR Magic Box?

For just a 0.3% annual sponsor fee (paid weekly in XRP, of course-because why not?), investors will get access to the ETF’s multi-custodian model, featuring Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company. These guys are as serious about crypto security as a bodyguard with a PhD in cybersecurity. 🕵️‍♂️

And here’s the kicker: Ripple Markets kicked in 100 million XRP (around $226 million worth) to strengthen the fund’s liquidity. That’s like giving TOXR a very expensive energy drink to make sure it hits the ground running. The fund supports both in-kind XRP creation/redemption and cash settlements, so it’s ready for some serious institutional action. 💼💰

XRP ETFs on the Verge of $1 Billion-Really?

If you thought the whole XRP ETF thing was just a passing fad, think again. In less than a month, the four active spot funds have pulled in a staggering $954 million in inflows, and that’s not counting the $10 million they added recently despite market turbulence. XRP ETFs are now officially one of the fastest-growing crypto segments in the U.S., right behind Ethereum. 👏

Ripple CEO Brad Garlinghouse even chimed in, saying that XRP is now the fastest-growing U.S. crypto ETF by AUM (Assets Under Management), and that’s no small feat. But don’t get too excited; it’s a long race, not a sprint. 🏃‍♂️

So, What’s Next for XRP ETFs?

With competition heating up, XRP ETFs are no longer the exclusive playground of a few select funds. Canary Capital, Bitwise, Grayscale, and Franklin Templeton are already in the game, and 21Shares is ready to launch their own contender. Meanwhile, Ripple has just dropped a new update to the XRP Ledger to improve network stability and enhance DeFi features. So, while the race to $1 billion continues, the future of XRP looks pretty stable-at least for now. 🏆

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2025-12-11 11:09