The fifth spot XRP ETF approved by CBOE, Ripple Markets provides 100 million XRP liquidity for TOXR

The fifth spot XRP ETF is about to launch in the US market. With CBOE approving the listing of the XRP ETF launched by 21Shares (ticker TOXR), the number of US spot XRP funds has officially increased to five. This development marks the rapid maturation of XRP investment channels under the regulatory framework and also boosts market interest in tokenized assets.

According to the latest filing submitted to the U.S. Securities and Exchange Commission (SEC), TOXR has completed key listing approvals and is awaiting final procedures before it can begin trading on the exchange. Currently, 21Shares has updated its S-1 registration document multiple times, which still indicates a “delayed revision,” showing that the issuer is waiting for CERT notifications or SEC approval.

The TOXR ETF will track the Chicago Mercantile Exchange (CME) CF XRP-USD reference rate (New York variant), providing investors with an investment method that does not require direct holding or custody of XRP. The fund has an annual fee rate of 0.3%, billed daily, and pays XRP weekly. The issuer adopts a multi-custody architecture to enhance asset security and meet compliance requirements.

Ripple Markets has provided 100 million XRP as initial liquidity, currently valued at approximately $226 million. Subscription and redemption can be conducted via direct XRP transfer or cash settlement. TOXR will become the latest spot fund in the market after Franklin Templeton launched its XRP ETF.

Since the first US spot XRP ETF was listed last month, market capital inflow has remained strong. In less than four weeks, the total inflow of related funds has approached $1 billion, currently reaching about $954 million, with no single-day net outflows to date. Even during market volatility, there was a net inflow of about $10 million yesterday.

Ripple CEO Brad Garlinghouse stated that XRP has become the fastest-growing crypto asset ETF in the US market after Ethereum, demonstrating strong investor demand for regulated digital asset products. Meanwhile, Ripple recently announced a technical upgrade to the XRP Ledger aimed at improving network stability and strengthening its DeFi capabilities, further enhancing XRP’s infrastructure.

With the addition of TOXR, the US spot XRP ETF ecosystem continues to expand, expected to attract more institutional and compliant funds into the XRP market and promote further development in the digital asset investment field.