Overview
- Amendment No. 3 to Form S-1 was filed on November 7 under Section 8(a), putting a roughly November 27 effective date in play unless the SEC intervenes.
- The proposed fund is slated to list on Cboe BZX under ticker TOXR with custody by Coinbase Custody Trust, Anchorage Digital Bank and BitGo Trust, according to the prospectus.
- Five spot XRP funds from Franklin Templeton, 21Shares, Bitwise, Canary and CoinShares now appear on DTCC, and Canary says its XRPC fund is targeting November 13 pending Nasdaq approval.
- XRP jumped about 4–5% to near $2.32 with a surge in trading volumes shortly after the 21Shares filing was posted.
- The prospectus cites the CME CF XRP Dollar Reference Rate (New York Variant), names Jane Street and Macquarie as potential authorized participants, and notes 21Shares US LLC will seed the first 10,000 shares.