The post 21Shares Gears Up to Launch its XRP ETF (TOXR) appeared on BitcoinEthereumNews.com. 21Shares prepares to launch its XRP as the issuer files with the U.S. Securities and Exchange Commission (SEC) to update its prospectus. The 21Shares XRP ETF will join other issuers including Canary, Grayscale, and Bitwise. However, XRP price remains under selling pressure despite continuous inflows into XRP ETFs. 21Shares XRP ETF Amends S-1 to Disclose Fee According to a US SEC filing, 21Shares filed a fifth amendment to its S-1 to make the last changes before its XRP ETF launch. Notably, the issuer is likely awaiting a CERT filing or an SEC approval as it has retained the delaying amendment. In the latest filing, the issuer has revised its management fee from 0.50% to 0.30%. However, the issuer has not disclosed any fee waiver yet. Meanwhile, the total AUM of spot XRP ETFs reaches near $1 billion as Bitwise, Franklin Templeton, and Grayscale have revealed fee waivers to entice investors. Notably, Franklin XRP Exchange-Traded Fund (XRPZ) has the lowest management fee of 0.19%. Also, it has the longest fee waiver period as compared to other issuers. Recently, the issuer revealed a 0.50% management fee and details of the initial seed purchase of 20,000 shares at $25 per share by 21Shares US LLC. 21Shares XRP ETF Becomes Auto-Effective for Launch As CoinGape reported earlier, 21Shares XRP ETF became auto-effective with a Form 8-A filing last month. However, the listing is pending even after approval from CBOE BZX Exchange to list shares under the ticker symbol “TOXR.” The trust’s investment objective is to provide exposure to XRP, tracking spot XRP prices from the CME CF XRP-Dollar Reference Rate pricing benchmark. Coinbase Custody, Anchorage Digital Bank, and BitGo Trust will serve as the custodian for the 21Shares XRP ETF. Notably, BNY Mellon will serve as the cash custodian, administrator, and transfer agent of the… The post 21Shares Gears Up to Launch its XRP ETF (TOXR) appeared on BitcoinEthereumNews.com. 21Shares prepares to launch its XRP as the issuer files with the U.S. Securities and Exchange Commission (SEC) to update its prospectus. The 21Shares XRP ETF will join other issuers including Canary, Grayscale, and Bitwise. However, XRP price remains under selling pressure despite continuous inflows into XRP ETFs. 21Shares XRP ETF Amends S-1 to Disclose Fee According to a US SEC filing, 21Shares filed a fifth amendment to its S-1 to make the last changes before its XRP ETF launch. Notably, the issuer is likely awaiting a CERT filing or an SEC approval as it has retained the delaying amendment. In the latest filing, the issuer has revised its management fee from 0.50% to 0.30%. However, the issuer has not disclosed any fee waiver yet. Meanwhile, the total AUM of spot XRP ETFs reaches near $1 billion as Bitwise, Franklin Templeton, and Grayscale have revealed fee waivers to entice investors. Notably, Franklin XRP Exchange-Traded Fund (XRPZ) has the lowest management fee of 0.19%. Also, it has the longest fee waiver period as compared to other issuers. Recently, the issuer revealed a 0.50% management fee and details of the initial seed purchase of 20,000 shares at $25 per share by 21Shares US LLC. 21Shares XRP ETF Becomes Auto-Effective for Launch As CoinGape reported earlier, 21Shares XRP ETF became auto-effective with a Form 8-A filing last month. However, the listing is pending even after approval from CBOE BZX Exchange to list shares under the ticker symbol “TOXR.” The trust’s investment objective is to provide exposure to XRP, tracking spot XRP prices from the CME CF XRP-Dollar Reference Rate pricing benchmark. Coinbase Custody, Anchorage Digital Bank, and BitGo Trust will serve as the custodian for the 21Shares XRP ETF. Notably, BNY Mellon will serve as the cash custodian, administrator, and transfer agent of the…