21Shares has just launched a new XRP ETF on the CBOE exchange, with the ticker symbol TOXR.
According to the announcement, this ETF will track the price of XRP – the fourth largest cryptocurrency by market Capital .
“TOXR will meet the growing demand for crypto investment in the U.S. We are excited to bring investors access to XRP and the Ripple ecosystem,” said Federico Brokate, Global Business Development Director of 21Shares.
In recent weeks, several other companies have also launched XRP ETFs, including Grayscale, Canary Capital, and REX Shares. XRP is a Token associated with Ripple Labs, designed for fast and low-cost international payments.
To enhance security, 21Shares will use three custodians: Coinbase, Anchorage Digital Bank, and BitGo. The company also currently offers several other crypto ETFs, including the Solana ETF.
"We're seeing a surge in demand for diverse crypto options from U.S. customers and expect adoption of digital assets to explode in the near future," Brokate said.
The article "21Shares Launches New XRP ETF Called TOXR" first appeared on CoinMoi .
