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SEC-Cleared 21Shares XRP ETF to Begin Trading as Inflows Rise and Exchange Supply Shrinks

Issuers must buy on the open market, tightening supply as price holds in a narrow range.

Overview

  • 21Shares’ spot XRP ETF (ticker TOXR) is approved to start trading on Cboe BZX on December 1 with a 0.50% fee, joining recent launches from Canary Capital, Bitwise, Franklin Templeton and Grayscale.
  • Trackers report hundreds of millions in November inflows to U.S. XRP ETFs — roughly $643 million to about $802 million — with one day of flows surpassing Bitcoin and Solana ETF totals.
  • Binance’s XRP balance has fallen to about 2.7 billion tokens after roughly 300 million XRP were withdrawn since early October, including a drop that accelerated after November 14.
  • On-chain services recorded about 460 million XRP moved by large holders over roughly four days, activity analysts say reflects a mix of selling and redistribution.
  • XRP trades in consolidation near key levels around $2.15–$2.60, with resistance clustered at $2.30–$2.40 as traders watch the monthly close and whether ETF demand drives a breakout.