Regulatory approval is in for the 21Shares $XRP Spot ETF, set to start trading on November 29. This milestone marks a significant step forward in XRP’s institutional adoption and broader crypto mainstream acceptance.
The 21Shares XRP Spot ETF will offer regulated exposure to XRP without direct ownership. Unlike futures-based ETFs, it tracks actual market prices for precise reflection of market movements.
This launch joins other established players like Franklin Templeton, Grayscale, and Canary in the XRP ETF space. Institutional investors can now access a regulated entry point for XRP, potentially reducing volatility, driving wider adoption, and solidifying its role in the digital asset ecosystem.
The approval reflects growing maturation of crypto markets, integrating digital assets into mainstream investment frameworks. Analysts predict this debut could reignite trading and boost liquidity in XRP markets, signaling new opportunities for crypto-focused financial innovation.
As TOXR launches on November 29, investors are watching closely to see how it shapes market dynamics, liquidity, and the future trajectory of XRP adoption.
Source: https://coinpaper.com/12693/21-shares-xrp-etf-set-to-make-waves-on-november-29-joining-heavyweights-like-franklin-templeton-and-grayscale