21Shares XRP ETF Launches December 1 Amid Fresh Wave Of Institutional Demand
The race to capture XRP (CRYPTO: XRP) institutional demand intensifies as 21Shares launches its spot XRP ETF on December 1, 2025, marking the fifth major entry in what’s quickly becoming one of the hottest crypto ETF segments of the year.
Unlike Bitcoin (CRYPTO: BTC) ETFs, which launched simultaneously in January 2024, XRP ETFs are hitting the market in waves. The 21Shares XRP ETF will trade under the ticker TOXR on the Cboe BZX Exchange, following recent launches from Canary Capital, Franklin Templeton, Grayscale, and Bitwise. This staggered approach is creating a unique market dynamic that could benefit XRP’s price trajectory through the end of 2025.
The Canary XRP ETF (NASDAQ:XRPC) set the tone on November 13 with an impressive $58 million in first-day trading volume, making it the highest debut volume among this year’s ETF launches. Franklin Templeton’s XRPZ and Grayscale’s GXRP followed in late November, with the Franklin XRP ETF attracting $3 million in its first hour alone.
According to SEC filings dated November 28, 2025, TOXR will …
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