Overview
- The fund trades under ticker TOXR on Cboe BZX and became effective after the SEC declared its registration live, moving beyond prior procedural labels.
- TOXR tracks the CME CF XRP‑Dollar Reference Rate (New York Variant) and charges a 0.30% sponsor fee paid in XRP.
- Custody is split across Coinbase Custody, Anchorage Digital Bank, and BitGo, with in‑kind or cash creations and redemptions available to authorized participants.
- Ripple Markets seeded the trust with 100 million XRP (about $226 million), and Flow Traders serves as lead market maker.
- U.S. spot XRP ETFs have drawn roughly $1 billion in cumulative inflows since late November, even as XRP recently traded near $2.01 after a 2–3% dip.