21Shares XRP ETF TOXR Poised for Monday Launch as Inflows Reach $666M

• SEC approval enables 21Shares’ TOXR as the fifth U.S. XRP ETF, accelerating institutional demand.

• XRP ETFs achieve $666 million inflows in 10 days with zero outflows, indicating robust market interest.

• Custodian storage reduces XRP’s liquid supply, with analysts highlighting enhanced long-term demand potential (data from SoSoValue).

Explore the SEC-approved 21Shares XRP ETF TOXR launching Monday, driving $666M inflows and tightening XRP supply. Discover impacts on regulated markets and institutional adoption—read insights now for investment strategies.

What is the 21Shares XRP ETF TOXR?

The 21Shares XRP ETF TOXR is a spot exchange-traded fund that provides investors with direct exposure to XRP’s price through a regulated U.S. structure, eliminating the need to hold the cryptocurrency directly. Approved by the U.S. Securities and Exchange Commission via a Form 8-A filing on November 20, 2025, the fund will trade on the Cboe BZX Exchange under the ticker TOXR with a 0.50 percent management fee. It tracks the CME CF XRP-Dollar Reference Rate and launches with seed baskets of 20,000 shares at $25 each, expanding access to XRP for traditional investors.

How are XRP ETF inflows impacting the market supply?

XRP ETF inflows have surged to $666 million net in just 10 trading days, with total assets under management reaching $687.81 million and no recorded outflows, according to data from SoSoValue. This momentum, driven by launches from issuers like Canary Capital ($243 million on November 14), Grayscale ($67.36 million debut), and Franklin Templeton ($62.59 million), is tightening XRP’s liquid supply as custodians secure tokens off exchanges. Analysts such as Jake Claver and Chad Steingraber emphasize that this reduction in available supply underscores growing long-term demand, potentially stabilizing prices around the current $2.22 level and fostering broader institutional participation in the XRP ecosystem.

Frequently Asked Questions

When will the 21Shares XRP ETF TOXR begin trading?

The 21Shares XRP ETF TOXR is scheduled to start trading on Monday, November 30, 2025, following SEC clearance on November 20. This launch positions it as the fifth spot XRP ETF in the U.S., offering regulated exposure to XRP’s spot price via the Cboe BZX Exchange with a competitive 0.50 percent fee structure.

What total inflows have XRP ETFs recorded recently?

XRP ETFs have seen $666 million in net inflows over the past 10 trading days, with assets totaling $687.81 million and no outflows. Key contributors include Canary Capital’s $243 million debut on November 14 and combined $129.95 million from Grayscale and Franklin Templeton launches on November 24, reflecting strong investor confidence per SoSoValue tracking.

SEC-approved 21Shares TOXR launches Monday as XRP ETFs reach $666M inflows, tightening supply and expanding XRP’s regulated market presence.

• SEC approval of 21Shares’ TOXR adds a fifth U.S. XRP ETF as demand accelerates across institutions.
• XRP ETFs post $666M inflows in 10 days with zero outflows, signaling strong market absorption.
• Analysts note custodian storage tightening XRP’s liquid supply, boosting long-term demand focus.

The launch of the 21Shares XRP ETF arrives as demand for XRP investment products grows across the United States. The fund will trade under the ticker TOXR and will offer direct exposure to XRP’s spot price through a regulated structure. The approval marks a new expansion phase for XRP-based products, building on the success of prior funds from established issuers.

21Shares Secures Approval and Confirms Monday Start

According to a new filing, the U.S. SEC cleared 21Shares to list its spot XRP ETF on the Cboe BZX Exchange. The approval came through a Form 8-A dated November 20, and the fund carries a 0.50 percent management fee. The issuer confirmed that trading will begin Monday, providing another avenue for investors to engage with XRP in a compliant manner.

The TOXR listing follows the recent debut of XRP ETFs from Grayscale and Franklin Templeton. Grayscale’s GXRP recorded $67.36 million on its first day, and Franklin Templeton’s XRPZ brought in $62.59 million. These products now hold more than $150 million combined after early inflows, demonstrating sustained appetite for XRP exposure.

The 21Shares XRP ETF will track the CME CF XRP-Dollar Reference Rate. It allows investors to gain exposure to XRP without holding the token directly, appealing to those seeking regulatory oversight. The company will launch the fund with seed baskets of 20,000 shares priced at $25 each, setting the stage for broader market integration.

XRP ETF Momentum Reaches Strong Inflows Across the Market

Existing XRP ETFs have accumulated $666 million in net inflows within ten trading days, based on SoSoValue data. Total assets have reached $687.81 million with no outflows during the period. The strongest inflow came during Canary Capital’s launch on November 14 with $243 million. Another large inflow of $164.04 million arrived on November 24 as Grayscale and Franklin Templeton products went live, highlighting the rapid adoption of these vehicles.

XRP trades near $2.22 as the ETF launch approaches, and cumulative inflows continue to rise across funds from Bitwise, Franklin Templeton, and Grayscale. Analysts including Jake Claver and Chad Steingraber note that custodian storage is reducing the liquid supply on exchanges, which is drawing new attention to long-term demand. This trend aligns with expert observations from financial analysts who track cryptocurrency market dynamics, emphasizing the role of regulated products in maturing the asset class.

With TOXR becoming the fifth listed XRP ETF in the United States, the total may expand further as WisdomTree and CoinShares prepare future filings. Monday’s launch will mark a new step for XRP’s presence in regulated markets, potentially influencing global perceptions of the token’s utility in cross-border payments and beyond. Industry reports from sources like Bloomberg and Reuters, as referenced in public filings, underscore the SEC’s evolving stance on crypto ETFs, which has paved the way for such approvals after years of deliberation.

The influx of capital into XRP ETFs reflects broader institutional interest in digital assets, particularly those with established use cases like Ripple’s payment network. As more funds come online, the competitive landscape will likely intensify, driving down fees and improving liquidity. For investors, this development offers a bridge between traditional finance and blockchain technology, with custodians like Coinbase playing a key role in securing underlying assets.

Key Takeaways

• TOXR as Fifth ETF: The 21Shares launch expands U.S. options for XRP exposure, following strong debuts from competitors and signaling regulatory maturity.
• Record Inflows: $666 million in 10 days with zero outflows demonstrates investor confidence, per SoSoValue, potentially supporting XRP’s price stability.
• Supply Tightening: Custodian practices reduce liquid XRP, as noted by analysts Claver and Steingraber, focusing markets on sustainable demand growth.

Conclusion

The SEC approval and Monday launch of the 21Shares XRP ETF TOXR represent a pivotal moment for XRP, with $666 million in ETF inflows underscoring robust demand and supply dynamics in the regulated space. As institutional adoption accelerates, XRP’s role in global finance strengthens, offering investors secure entry points without direct custody risks. Looking ahead, continued ETF expansions could further legitimize XRP, encouraging broader participation—stay informed on these developments to navigate the evolving crypto landscape effectively.