XRP Joins the ETF Party: A New Way to Invest

21shares Launches TOXR ETF for XRP Investment

Key Highlights

• New ETF Launch: 21shares introduces TOXR, an ETF for investing in XRP.
• Accessibility: Invest in XRP through regular bank or brokerage accounts.
• XRP Features:
• Known for speed and low costs in cross-border transactions.
• Used by over 100 financial institutions.
• Tested by governments for official payments.

Risks to Consider

• Regulatory Status: TOXR isn't registered under usual regulations.
• Volatility: XRP can be highly volatile, leading to potential losses.
• Indirect Investment: TOXR is not a direct investment in XRP.

Why Now?

• Market Position: XRP is the fourth largest cryptocurrency by market cap.
• Institutional Adoption: Gaining traction due to its efficient payment network.
• 21shares Growth:
• Entered U.S. market in 2022.
• Manages over $8 billion in assets.
• Offers five ETPs.

Security Measures

• Custodians: Uses multiple custodians like Coinbase, Anchorage Digital Bank, and BitGo.
• Liquidity Partners: Collaborates with Flow Traders for liquidity.

Expert Insights

• CEO Russell Barlow: Committed to providing U.S. investors access to leading cryptocurrencies.
• Federico Brokate: Expects crypto adoption to rise exponentially.

Final Thoughts

• Pros: Easy way to invest in XRP for crypto enthusiasts.
• Cons: Always comes with risks; do thorough research before investing.