A prominent US-based asset management company has sparked excitement across the XRP community with a cryptic message that suggests something big is about to happen regarding the token.
In the teaser, 21Shares called on the token’s passionate global community, the “XRP Army,” to “get ready,” punctuating the post with a salute emoji. This short message fueled speculation that the company was preparing to announce a major product or announcement related to XRP.
21 shares XRP ETF
Although 21Shares hasn’t revealed any details, the new teaser likely hints at the imminent launch of the long-awaited Spot XRP ETF. The company has been working to bring the product to the U.S. market, but the extended U.S. government shutdown delayed approval timelines and slowed progress.
In response, 21Shares updated its S-1 application on November 7 to enable the ETF automatically. Following the amended filing, analysts predicted that 21Shares could debut a spot XRP ETF as early as November 27th.
But analysts like Zack Rector noted that 21Shares’ Nov. 7 amendment did not remove “delay language” that would clear the way for a late November debut. Still, other experts argued that the filing looks solid and that the 21Shares XRP ETF is still on track to launch next week.
Updated filing
On November 20, 2025, 21Shares submitted additional updates to the XRP ETF application, confirming that the product will be listed on the Cboe BZX exchange under the ticker TOXR. The fund will have a 0.50% management fee, and 21Shares will purchase an initial seeding basket totaling 20,000 shares at $25 per share with an initial capital of $500,000.
Once launched, it will enter the growing spot XRP ETF market. Canary Capital and Bitwise already have separate funds trading in the US, with cumulative net inflows of $422 million.
Additionally, Franklin Templeton and Grayscale Investments are preparing to launch a spot XRP ETF, with Bloomberg analyst James Seifert suggesting it could launch on November 24, 2025.
