Overview
- 21Shares’ Amendment No. 3 to its S‑1 under Section 8(a) started a 20‑day clock that could make its spot XRP ETF effective around November 27 if the SEC does not intervene, with a planned Cboe BZX listing under ticker TOXR and custody via Coinbase Custody, Anchorage, and BitGo.
- Five spot XRP products from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares now appear on DTCC, with listed tickers including XRPZ, XRP, XRPC, TOXR, and XRPL.
- Canary Capital’s filing also removed delaying language to trigger a countdown, and the firm has teased its Nasdaq‑listed XRPC fund as “coming soon,” with Gemini and BitGo named as custodians, subject to final approvals.
- XRP jumped roughly 4–6% on the filings, with CoinDesk reporting a 6.2% rise to about $2.40 on heavy volume as traders positioned for potential late‑November outcomes.
- ETF analysts, including Bloomberg’s Eric Balchunas, noted the 20‑day timer is now running, though the SEC can still issue comments or a stop order before any fund becomes effective, even as authorized participants such as Jane Street and Macquarie are listed for creation and redemption.