21Shares has launched its XRP ETF, TOXR, on the Cboe BZX Exchange, prompting analysis of FalconX's XRP supply. Following FalconX's acquisition of 21Shares, the company plans to integrate its ETF operations with its OTC trading network. Analysts speculate that the new ETF could increase demand for XRP, potentially impacting liquidity in FalconX's trading pools. On-chain data indicates rising interest in XRP, leading to questions about potential effects on price dynamics.