XRP ETF Approval: Hype or Hope?

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Oh, the 21Shares XRP ETF, a marvel of modern finance, now graces the Cboe BZX Exchange, a step closer to the realm of trading! 🎩💰 Will it be a triumph or a tragicomedy? 🎭💸

  • The Cboe, that paragon of wisdom, approves the listing of the 21Shares XRP ETF under the illustrious ticker TOXR! 📜✨
  • The fund, with its 0.3% sponsor fee paid in XRP, is a true testament to the alchemy of finance. 🧪💎
  • XRP ETFs, now nearing $1 billion in assets, are the talk of the town-though one wonders if they’re the real deal or just a fleeting fad. 📈😅

The new fund joins its peers, a veritable circus of XRP ETFs, each vying for the spotlight. 🎪💰

Cboe, ever the diligent scribe, confirmed the approval in a Dec. 10 filing with the SEC, a document so thrilling it could make a snooze-worthy spreadsheet blush. 📄🔥 The ETF will track the CME CF XRP-Dollar Reference Rate-New York Variant, allowing investors to gaze upon XRP’s price without ever touching the asset. Très chic! 🧐💸

Key ETF structure and market setup

This move, three weeks after the SEC’s automatic approval, is a tale of procedural labels and bureaucratic whims. 📝✨ Trading may begin as early as next week, depending on the whims of administrative spirits. 🕯️🔮

The 21Shares XRP ETF, with its 0.3% annual sponsor fee, is a daily dance of XRP payments. 🕺💸 The product, managed by Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company, is a multi-custodian marvel. 🏦🔐

Ripple Markets, ever the generous benefactor, seeded the ETF with 100 million XRP-worth a tidy $226 million. 🎁💰 Shares will be created or redeemed in-kind, a process as mysterious as it is thrilling. 🧙♂️✨

The ETF will trade on the Cboe BZX Exchange under the ticker TOXR, joining other digital-asset products in a grand soirée of innovation. 🎉📈

Impact on the growing XRP ETF market

This approval strengthens a market that has grown like a weed since the SEC-Ripple lawsuit settlement. 🌱⚖️ Analysts, ever the cautious observers, hail the 21Shares product as a key addition-though one wonders if it’s a beacon of hope or a fleeting spark. 🔦✨

As of Dec. 11, four spot XRP ETFs are active, with assets nearing $1 billion. Net inflows? A staggering $900 million! 📈🔥 Analysts, ever the dramatists, declare it a milestone-though one must ask: is it a triumph or a tempest? ⚡🌪️

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2025-12-11 07:19