Federico Brokate, global head of business development at 21Shares, said the launch addresses growing investor appetite for cryptocurrencies in U.S. markets. The firm expects adoption to rise exponentially as clients seek diversified crypto exposure through regulated vehicles.
The ETF charges a 0.30% sponsor fee paid in
XRP and allows authorized participants to create or redeem shares through in-kind or cash transactions. This flexibility gives liquidity providers more options than early crypto ETP structures typically permitted.
U.S. spot
XRP ETFs have approached $1 billion in cumulative inflows less than one month after category launch. Issuers have recorded zero net outflow days, an unusual pattern suggesting sustained demand from wealth platforms and institutional allocators.
The timing aligns with a new XRP Ledger upgrade focused on network stability and expanded decentralized finance functionality. Ripple positions these improvements as enhancing the ledger's reliability for institutions using ETF products as compliance-friendly access points.
Recent weeks saw multiple firms debut XRP ETFs, including products from Grayscale, Canary Capital and REX Shares. XRP facilitates low-cost international money transfers and is associated with Ripple Labs, which designed the token for cross-border payment efficiency.
21Shares operates other crypto ETFs including a Solana-focused product, expanding its digital asset offerings across multiple blockchain networks. The company views TOXR as meeting rising demand for exposure to XRP and the broader Ripple ecosystem through traditional investment channels.
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