21Shares Switches TOXR Pricing Benchmark to FTSE
21Shares has made a significant change to its XRP exchange-traded fund (ETF), TOXR, by switching its pricing benchmark from the CME CF XRP-Dollar Reference Rate: New York Variant to the FTSE XRP Index. This change will take effect on August 27 and affects only the pricing methodology, not the fund's XRP exposure or investment strategy.
As of August 26, TOXR held approximately $149.7 million in assets, according to the 21Shares fund page. The ETF launched on Cboe BZX in December 2025 and provides investors with direct XRP exposure through a regulated product.
The move brings TOXR closer to the benchmark framework used across other 21Shares products, which could simplify comparisons and operations for institutions managing multiple crypto ETFs.