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.
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Cboe Approves 21Shares XRP ETF for Listing
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:
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.