21Shares Enters the XRP ETF Race – Get Ready for the Surge!

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The contest to launch the inaugural XRP spot ETFs has reached a fever pitch, and 21Shares has boldly stepped onto the scene, like a knight charging into the fray.

21Shares Takes the XRP ETF Plunge

The asset manager has conquered the final regulatory barriers and is now poised to begin trading its U.S. spot XRP ETF, which will debut on December 1st under the ticker TOXR on the Cboe BZX Exchange. It’s official: they’ve got the green light, and it’s go time!

The timing is impeccable, as institutional interest has surged-crypto ETFs alone have raked in an eye-watering $666 million in inflows in just under a month. Sounds like a good time to be in the game, right? Well, 21Shares is here to make sure things heat up even more in the Ripple [XRP] ETF race.

It’s worth noting that the SEC’s approval for 21Shares’ XRP ETF was, shall we say, a bit of a smooth ride through the regulatory process-an automatic approval via Form 8-A. You know, just one of those formalities that make you wonder why we make such a fuss over these things. Anyway, the filing is now complete, and 21Shares is officially in the ring, joining a growing cohort of issuers eager to meet the surging demand for XRP exposure.

The ETF will track the CME CF XRP-Dollar Reference Rate, giving investors a way to tap into real-time XRP spot pricing-without actually, you know, holding the token themselves. Genius, right? 🤔

The XRP ETF Inflow Frenzy

The stars are aligning for this moment, as if the cosmos themselves have decreed that XRP-linked products are the hot ticket right now. Data from SoSoValue confirms that XRP ETFs have seen $666 million in net inflows in just 30 short days, bringing total net assets to a tidy $687.81 million. And get this-there hasn’t been a single day of outflows. Not one. Talk about institutional confidence!

The biggest surge came with Canary’s launch on November 14th, followed by more of the same in subsequent trading days, including a modest $22.68 million added just yesterday. A few days more, and we might start calling this the XRP ETF Gold Rush.

Now, let’s talk competition. There’s no shortage of XRP-linked ETFs already up and running, and more are on the way. You’ve got Canary, Teucrium 2x Long Daily XRP ETF, and the Volatility Shares XRP ETF (plus a 2x leveraged version, of course). And that’s just scratching the surface! Oh, and did we mention the big boys? Grayscale, Purpose, Franklin Templeton-yes, they’re all in the mix, like the Avengers of the ETF world.

Clearly, the XRP ETF space is getting crowded. No wonder they call it a race!

Price Action: A Glimpse into the Future?

As for XRP’s price action-at the time of writing, it’s sitting at $2.17, down a modest 1.26% over the last 24 hours, according to CoinMarketCap. Yes, there’s been a slight dip, but with ETF interest climbing, it’s safe to say that investors are in it for the long haul. XRP isn’t just a flash-in-the-pan; it’s building momentum for a major rebound.

Just look at this week’s stats: XRP has already surged 14%, hitting $2.20, and it’s leaving Ethereum [ETH] in the dust. If XRP keeps up this pace, it could be headed to its next bullish phase-a phase that might just take it back to the $5 range, reminiscent of that 200% surge in late 2024. No biggie, right? 😏

Final Thoughts

  • Institutional demand for XRP ETFs is showing no signs of slowing, with zero outflow days to date. Strong stuff.
  • With ETF inflows increasing and the market structure firming up, XRP looks like it’s gearing up for a new bullish cycle. Buckle up!

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2025-11-29 18:26