21Shares, a leading U.S.-based asset manager, has updated its filing for an XRP Exchange-Traded Fund (ETF), aiming for a launch by the end of November. The firm submitted a revised S-1 application on November 7, followed by an additional update on November 20. The ETF, set to trade on the Cboe BZX Exchange under the ticker TOXR, will charge a 0.50% management fee and seeks to raise $500,000 in initial capital.
While analysts are uncertain about the exact launch date, the filing is considered robust, indicating that the ETF's debut is imminent. This development marks a significant step for 21Shares in expanding its crypto investment offerings.
21Shares Updates XRP ETF Filing, Targets November Launch
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