Recent activity surrounding the 21Shares XRP ETF has become a new focal point for observers of XRP. Amonyx (@amonbuy) revealed that 21Shares filed a new S-1 amendment with the SEC on December 8, 2025. With SEC approval potentially on the horizon, this development suggests that XRP could be on the verge of a significant price breakout.
The Growing Landscape of XRP ETFs
The 21Shares XRP ETF is set to trade under the ticker TOXR. Its primary objective is to provide investors with direct exposure to the price of XRP through a spot structure. 21Shares employs a model where XRP is held by regulated custodians. The firm has submitted multiple amendments throughout the review process, ensuring its disclosures align with current market data, custody arrangements, and risk-related language.
BOOOOOOOOOOOOM 🚨
21Shares XRP ETF TOXR S-1 was just refiled/updated with the SEC!
The big breakout is coming #XRP 🚀 pic.twitter.com/lILdNhYIqj
The U.S. market has seen the introduction of several spot XRP ETFs in recent weeks, rapidly expanding the options for XRP exposure. REX-Osprey launched XRPR in September, followed by Canary Capital's XRPC in November, which achieved a launch-day trading volume record of $58 million. Franklin Templeton subsequently introduced EZRP, and Bitwise released its own spot product under the ticker XRP. These launches have broadened regulated access to the digital asset. With its updated S-1 amendment, 21Shares is positioning TOXR to join this growing list, offering investors another regulated avenue for spot XRP exposure.
Strategic Positioning Ahead of the Launch
Chad Steingraber previously indicated that 21Shares had confirmed its anticipation of final approval from the SEC for TOXR. The launch of TOXR would further expand the array of U.S. spot XRP products available. Several issuers already offer similar funds, and these products have demonstrated performance that is outperforming other leading crypto ETFs. The emergence of another participant in this market signifies growing confidence in institutional demand. Analysts closely monitor these filings as they provide insights into how issuers are positioning digital asset products within the existing regulatory framework.
Potential Impact on XRP's Price
Proponents of XRP believe that an ETF approval could significantly influence market activity. Amonyx's post reflects this sentiment, stating, "the big breakout is coming." This sentiment is widely shared among many XRP advocates who anticipate that the ETFs will contribute to an increase in the asset's price. XRP has not yet shown a significant reaction to this news, with its price currently trading at $2.07. However, this could change once the product officially launches. Market participants are now awaiting further updates from the SEC as the approval process progresses. The December 8 filing has brought TOXR back into focus as the final decision nears.