Cboe Approves 21Shares XRP ETF for Listing

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Source: CryptoNewsNet Original Title: Cboe approves 21Shares XRP ETF for listing Original Link:

Overview

Cboe BZX Exchange has approved the listing and registration of the 21Shares XRP ETF, which will track the performance of XRP, the fourth-largest crypto asset by market capitalization. The product is ready to go live upon official notice of issuance.

ETF Details

Trading Information:

  • Ticker Symbol: TOXR
  • Exchange: Cboe BZX Exchange
  • Annual Sponsor Fee: 0.3% (calculated daily, paid weekly in XRP)
  • Underlying Index: CME CF XRP-Dollar Reference Rate - New York Variant

Custody Arrangements: The ETF will custody XRP holdings with multiple providers including a合规平台 Custody, Anchorage Digital Bank, and BitGo Trust Company.

Current Shareholders

Ripple Markets is currently the only shareholder of the XRP trust, holding 10,000,000 shares acquired at a purchase price of 100,000,000 XRP, valued at approximately $226 million in aggregate.

Market Context

The 21Shares XRP ETF will join numerous XRP funds on the market, including those from Canary Capital, Bitwise, Grayscale, and Franklin Templeton. Trading is expected to commence shortly.

XRP-5.86%
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