21Shares Nears XRP ETF Decision Point as SEC Verdict Looms
Key Takeaways
- Strengthened institutional participation and heightened XRP ETF demand are driving the 21Shares XRP ETF closer to SEC approval.
- At the moment, the 21Shares XRP ETF is awaiting the declaration of effectiveness from the SEC.
- The proposed XRP ETF from 21Shares could trade under the TOXR ticker on the Cboe BZX Exchange.
- Currently, the 21Shares filing triggered a 20-day “review window” under the U.S. Securities law. The ETF could become effective if the SEC does not formally object to the filing.
The 21Shares, one of the leading asset management firms, has submitted its amendment No. 3 to its S-1 with the U.S. Securities and Exchange Commission on November 7, 2025, and a further amendment was submitted on November 20, 2025. The filing is under consideration by the SEC and has currently triggered a 20-day automatic-approval countdown window. According to the latest information, if the SEC remains silent or takes no action regarding the filing, the proposed spot XRP ETF under the ticker TOXR could automatically become effective.
21Shares officially announced through their X post that they were waiting for the SEC to declare them effective and asked users to wait for the announcement on their official socials. According to earlier speculation, the 21Shares XRP spot ETF was expected to launch and begin trading this week. However, the company denied these claims, stating that no such announcements had ever been made through its official channels.
Experts emphasize that the 20‑day countdown alone does not ensure SEC approval. Issuers must obtain listing approval and confirm operational readiness before trading can commence. According to 21Shares’ official confirmation, no official launch date for the XRP spot ETF has been announced yet. Despite the uncertainty of the ETF launch, the rising user speculation and increased search visibility for 21Shares products on platforms such as Vanguard indicate growing readiness for the 21Shares XRP ETF.
XRP is Crashing In The Market – Will The 21shares XRP ETF Launch Trigger A Rally?
XRP, the fourth-largest cryptocurrency by market cap, is crashing in the crypto market. According to the latest market data, XRP is down by more than 1% over the past 24 hours. Market analysts opine that the current downturn is attributed to XRP’s technical resistance, altcoin liquidity drain, and ETF flow divergence. According to them, XRP failed to break above $2.22, leading to bears defending the resistance and forming a descending triangle pattern on the 4-hour chart. Experts believe that a close above $2.25 could trigger positive momentum, and a drop below $2.15 support level could lead to a steep price correction. XRP’s 24-hour trading volume fell nearly 28.7%, indicating a reduced altcoin liquidity in the cryptocurrency market. On December 3, 2025, XRP spot ETFs saw $50.27 million in inflows, but the figure is underwhelming compared to other crypto ETF inflows. The substantial drop in ETF inflows catalyzes XRP’s current downward momentum.
The much-awaited 21Shares XRP spot ETF could help the digital asset trigger a rally, but it is not a guarantee. Crypto experts believe the launch will expand demand for XRP, as both institutional and retail investors gain exposure without the need for self‑custody. Some XRP price predictions conclude that the 21Shares XRP ETF launch could trigger a potential upside, with steady ETF adoption and institutional inflow.
According to them, XRP could break above $2.70–$3.00 by the end of this year if broader market adoption and inflows continue. According to the general trend, the ETF launch is a strong catalyst since it reduces friction for both retail and institutional investors. Continued ETF inflows, supported by favorable macroeconomic conditions, could give XRP a boost; otherwise, the digital asset may remain consolidated within the $2.08–$2.14 range.
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Crypto & Blockchain Expert