The XRP ETF race just got more competitive. According to 21shares, TOXR is a digital asset ETF designed to track the performance of XRP (as measured by a pricing benchmark), adjusted for expenses and other liabilities. Here's what investors should know about TOXR’s fees, custody, and how it stacks up against other US XRP funds.
Fund Overview
| Ticker Symbol | TOXR |
| Exchange | CBOE BZX Exchange, Inc. |
| Launch Date | December 11, 2025 |
| Total Annual Fund Operating Expenses | 0.30% (per 21shares) |
| Structure | Digital Asset ETF (not registered under the Investment Company Act of 1940) |
| Custodian | Anchorage Digital Bank N.A. / BitGo New York Trust Company LLC / Coinbase Custody Trust Company LLC |
| Issuer Website | 21shares.com/en-us/products-us/toxr |
About 21Shares
21shares describes itself as the world's first and largest ETP issuer. Founded in 2018, they've built an extensive lineup of crypto products, including ARKB and TOXR.
21Shares at a Glance
- Multi-product lineup: Single-asset and diversified crypto products
- Global Reach: Products listed on exchanges in Europe, US, and beyond
- ARKB Partnership: Co-issued the ARK 21Shares Bitcoin ETF with Cathie Wood's ARK Invest
Proven Track Record
Unlike some newer entrants to the XRP ETF space, 21Shares brings years of experience managing crypto ETPs. Their partnership with ARK Invest on ARKB (Bitcoin ETF) demonstrated their ability to handle institutional-scale crypto products.
Why TOXR Matters
The launch of TOXR marks an important milestone for XRP:
Six US Spot XRP ETFs Now Trading
With TOXR, investors now have six spot XRP ETF options:
- Bitwise XRP (XRP) - 0.34% expense ratio
- Canary Capital (XRPC) - 0.50% expense ratio
- Franklin Templeton (XRPZ) - 0.19% expense ratio
- REX-Osprey (XRPR) - 0.75% expense ratio
- Grayscale (GXRP) - 0.35% expense ratio
- 21shares (TOXR) - 0.30% total annual fund operating expenses
Competition Benefits Investors
More competition means:
- Tighter spreads: More market makers competing for flow
- Fee pressure: Issuers may lower fees to attract assets
- Innovation: Each issuer differentiates with unique features
- Legitimacy: Multiple institutional players validate XRP as an asset class
Fee Comparison
TOXR’s published expenses are 0.30% (total annual fund operating expenses). 21shares also discloses a sponsor fee waiver—always confirm the current effective fee in the prospectus.
XRP ETF Fee Rankings (Lowest to Highest)
| Rank | ETF | Expense Ratio |
|---|---|---|
| 1 | Franklin Templeton (XRPZ) | 0.19% |
| 2 | 21shares (TOXR) | 0.30% |
| 3 | Bitwise (XRP) | 0.34% |
| 4 | Grayscale (GXRP) | 0.35% |
| 5 | Canary Capital (XRPC) | 0.50% |
| 6 | REX-Osprey (XRPR) | 0.75% |
How to Buy TOXR
- Open a brokerage account with access to Cboe BZX (most major brokers)
- Search for "TOXR"
- Verify it's the 21shares fund (full name: 21shares XRP ETF)
- Check the spread - new ETFs may have wider bid-ask spreads initially
- Place your order
New ETF Considerations
As a newly launched ETF, TOXR may have:
- Lower liquidity initially: Spreads may be wider in the first weeks
- Growing AUM: Assets will build over time
- Promotional fee waivers: Check for any launch promotions
Track TOXR Performance
Monitor 21Shares TOXR trading volume, price, and holdings on our live dashboard. Compare TOXR against all other XRP ETFs in real-time.
View all XRP ETF data including AUM, holdings, and flows updated every 60 seconds.
Explore other XRP ETFs: Franklin Templeton | Bitwise | Grayscale | Canary Capital
Related Reading
- What is an XRP ETF? - Complete beginner's guide
- How to Invest in XRP ETFs - Step-by-step instructions
- Understanding ETF Flows - Learn to read market signals
- XRP ETF Comparison - Compare all XRP ETFs
Frequently Asked Questions
What is the ticker symbol for 21Shares XRP ETF?
The 21shares XRP ETF trades under the ticker symbol "TOXR" on CBOE BZX Exchange, Inc.
What is the expense ratio for 21Shares TOXR?
21shares lists total annual fund operating expenses of 0.30% for TOXR and discloses a sponsor fee waiver (see the prospectus for details and dates).
When did 21Shares TOXR launch?
TOXR’s inception date is December 11, 2025.
How does 21Shares compare to other XRP ETFs?
TOXR's published expenses (0.30% total annual fund operating expenses) are competitive versus several peers. Beyond fees, compare exchange listing, custody setup, and the benchmark the fund uses to value XRP.
Who is the custodian for 21Shares TOXR?
TOXR uses three custodians: Anchorage Digital Bank N.A., BitGo New York Trust Company LLC, and Coinbase Custody Trust Company LLC.
Is TOXR a spot XRP ETF or futures-based?
TOXR is a spot XRP ETF that holds actual XRP tokens. It tracks the CME CF XRP-Dollar Reference Rate and is 100% physically backed by XRP.
Disclaimer: This article is for educational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Cryptocurrency investments are volatile. Always conduct your own research.
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