21Shares XRP Spot ETF Receives Approval, Set to Launch November 29 On-chain metrics provider XRP Update reports that the 21Shares $XRP Spot ETF (TOXR) has received regulatory approval and will begin trading on November 29, marking a key milestone in XRP’s institutional adoption and the mainstream embrace of digital assets. If launched, the 21Shares XRP Spot ETF will offer institutional and retail investors a regulated, transparent way to gain direct exposure to XRP without holding the cryptocurrency. Unlike futures-based ETFs, it tracks XRP’s actual market price, providing a precise reflection of market movements and broadening access to the world’s third-largest cryptocurrency. With 21Shares entering the XRP ETF space, it joins established players like Franklin Templeton, Grayscale, and Canary. This surge in institutional-grade ETFs signals growing confidence in XRP and highlights the broader trend of mainstream finance embracing crypto in regulated formats. Analysts believe the TOXR debut could reignite trading and boost liquidity in XRP markets. By offering institutional investors a regulated, accessible entry point, the ETF may reduce volatility, drive wider adoption, and solidify XRP’s role in the digital asset ecosystem. Its regulatory approval also reflects the growing maturation of crypto markets and the integration of digital assets into mainstream investment frameworks. With TOXR set to debut on November 29, analysts and investors are eyeing a potential milestone in XRP’s institutional adoption, signaling new opportunities for crypto-focused financial innovation. Conclusion The launch of 21Shares’ XRP Spot ETF marks a pivotal moment in the cryptocurrency landscape, bridging the gap between traditional finance and digital assets. By providing regulated, institutional-grade access to XRP, TOXR not only strengthens investor confidence but also signals the continued mainstream acceptance of crypto. With trading expected to begin on November 29, all eyes will be on how this milestone shapes market dynamics, liquidity, and the future trajectory of XRP adoption.
