21Shares has launched its Spot XRP ETF, ticker TOXR, on the Cboe BZX exchange as of December 1, 2025. This marks the fifth U.S. spot XRP ETF, joining those from Canary Capital, Bitwise, Franklin Templeton, and Grayscale. The U.S. XRP ETFs have collectively attracted over $666 million in net inflows, with Canary Capital's XRPC leading the pack at $343.67 million. The 21Shares ETF tracks the CME CF XRP Dollar Reference Rate and is expected to have an expense ratio ranging from 0.25% to 0.40%. Anchorage and BitGo are responsible for the custody of the XRP assets held within the fund, ensuring secure management of the cryptocurrency.