21Shares Launches XRP ETF $TOXR: Your Ticket to Seamless Crypto Access

Another crypto ETF hits the market—this time, it's all about XRP.

What's the Big Deal?

21Shares just dropped $TOXR, an exchange-traded fund tracking XRP. No more wrestling with wallets, private keys, or sketchy exchanges. Buy it like a stock. Hold it in your brokerage account. Suddenly, crypto exposure fits right into that tired old portfolio.

The Convenience Play

This isn't about decentralization purists. It's for the mainstream investor who wants a slice of the digital asset pie without the tech headache. The fund structure bypasses the traditional friction—custody, compliance, execution—all wrapped in a familiar, regulated package. It cuts out the middleman for the average Joe, even if it adds a few for the fund itself.

The Finance Jab

Let's be real—the traditional finance world spent years calling crypto a scam. Now, they're falling over themselves to package it, fee it, and sell it back to you. The irony is thicker than a legacy bank's quarterly report.

The Bottom Line

$TOXR represents another bridge between the old guard and the new. It's a pragmatic step, not a revolutionary one. It makes XRP accessible, liquid, and—dare we say—boringly normal. Whether that's the final step toward mass adoption or just another product for the finance machine to monetize, well, that's for the market to decide.

Increasing ETF demand fuels market growth

There has been a growing trend for crypto exchange-traded products (ETPs) being brought to market by major firms, reflecting growing acceptance of the regulatory environment that the asset operates in.

In the past few months, there has been an increase in the development of XRP investment products with major regulatory updates that brought much-needed clarity to its definition in different jurisdictions. Although ETPs related to cryptocurrencies, such as XRP, were introduced in the European markets a long while back, recent activity in the U.S. markets has brought substantial investment.

The overall XRP ETP market is rapidly maturing. Recent data from Sosovalue shows that a collection of major spot XRP ETFs now manages close to $938 million in total Assets Under Management (AUM), with several funds holding hundreds of millions of dollars each. This collective institutional demand has led to over 400 million XRP tokens being locked up in these ETF custody vaults. 

The existing ETFs, including offerings from firms like Grayscale, Bitwise, and Franklin Templeton, reflect the competitive landscape 21Shares is entering with $TOXR. These products have demonstrated notable growth velocity, in some cases expanding at a monthly rate of nearly 95%, outpacing many other altcoin-linked funds.

At the time of writing, XRP was trading NEAR $2.02, down 2.24% in the last 24 hours. With a market cap of $122.05 billion and a fully diluted valuation (FDV) of $202.27 billion, XRP is currently the fourth-largest crypto asset in the market. 

Recent developments on XRP 

The XRP Ledger (XRPL) remains in a constant stage of development. This includes continued efforts towards increasing the use cases of XRP beyond cross-border payments. One such recent development is the launch of RLUSD stablecoin, which has gained significant traction in the evolving stablecoin market. Such moves are seen as a fundamental push that presses a constant force on market performance.

Now, the launch of the $TOXR ETF marks another notable shift in relation to both XRP and the overall market for crypto-based ETPs. These developments have already positioned XRP as a fundamental component in a regulated financial environment, along with Bitcoin and Ethereum. 

With further regulated products being rolled out, it becomes even clearer that the traditional world of finance continues to further establish its connection with the world of crypto, offering investors a growing list of easy ways to get involved with blockchain assets.

Also Read: Cboe Clears 21Shares U.S. Spot XRP ETF for Launch