CBOE Lists 21Shares’ TOXR, a New ETF Tracking XRP Performance

The CBOE exchange welcomed a new fund from 21Shares that tracks the price of XRP. The ETF, with the ticker symbol TOXR, started trading, offering investors a fresh conduit to the cryptocurrency market.

This product launch underscores the continuing integration of digital assets into traditional finance frameworks. XRP, ranked among the top cryptocurrencies, is specifically architected to facilitate fast and low-cost international transactions.

21Shares pointed to robust investor interest as a key driver for the new offering. The firm stated it is “thrilled to offer investors exposure to XRP and the Ripple ecosystem” through a familiar ETF structure.

The debut follows a series of similar product launches from other asset management firms focusing on XRP. This activity indicates a competitive push to capture flow in the evolving crypto ETF landscape.

For secure asset storage, 21Shares announced a multi-custodian model involving Coinbase, Anchorage Digital Bank, and BitGo. The issuer also maintains other cryptocurrency ETFs, such as its existing product providing exposure to Solana.