21Shares Just Refiled Its XRP ETF — TOXR Is Closer Than Anyone Realizes

XRP just got another major catalyst. 21Shares has officially re-filed and updated its S-1 for the 21Shares XRP ETF (ticker: TOXR) with the U.S. Securities and Exchange Commission. This amendment — filed December 8th — is the strongest signal yet that the long-awaited XRP ETF is nearing a green light.

And if you’ve been paying attention, this one matters. A lot.

Why This New TOXR Filing Is So Important

The updated S-1 shows that 21Shares has finalized the components the SEC typically waits for:
✔ Fully structured custody (Coinbase Custody, Anchorage Digital, BitGo Trust)
✔ Benchmark pricing via the regulated CME CF XRP-Dollar Reference Rate (New York Variant)
✔ Finalized share-creation, redemption, and valuation mechanics

These are the exact sections that move an ETF from “in review” to “launch-ready.” Once these are locked, the SEC typically takes 2–6 weeks to issue an effective notice — and sometimes even faster when the changes are small.

When Could the XRP ETF Go Live?

Based on previous ETF timelines (including spot Bitcoin and Ethereum ETFs), this amendment suggests:

Once an S-1 reaches this stage, it is typically past 90% of regulatory hurdles. The remaining changes are usually cosmetic, legal language tweaks, or updated AUM projections.

What Happens to XRP Price When TOXR Goes Live?

ETF launches follow a predictable pattern:

• Day 1–5: Heavy speculative inflows
• Week 1: Market makers load inventory
• Months 1–3: Institutional slow-accumulation phase

Spot Bitcoin ETFs saw $14 billion+ inflows in their first month. Analysts expect XRP’s market to behave similarly—scaled down, but still powerful.

This is especially important because TOXR — just like Bitwise, Franklin, and Canary — is a physically backed ETF. That means they must buy actual XRP from the market, not IOUs.

Supply Shock Scenario: What It Could Mean for Price

XRP’s circulating liquidity on U.S. exchanges is notoriously thin. Coinbase and Kraken combined often show under 10M XRP of real bid-side depth. When an ETF must source tens of millions of tokens, price can move aggressively.

Add in: institutional custody, market makers absorbing supply, and long-term ETF accumulation.

And this is all before any new corporate treasury adoption, stablecoin integration, or Ripple enterprise flows kick in.

Why Institutions Are Lining Up for XRP

Institutions don’t want offshore exchanges. They want:

• Regulated custody
• Audited benchmarks
• Transparent pricing
• Compliance-first structure

TOXR gives them exactly that — and more importantly, it gives them exposure without touching crypto rails directly.

Remember: spot ETFs don’t go hunting for retail traders. They court pensions, hedge funds, RIAs, sovereign wealth, and asset management giants. Those players buy slow — but they buy big.

Expect Heavy Inflows in the First 30 Days

Based on Bitcoin, Ethereum, and Solana ETF launches, XRP could realistically attract:

If even half of that happens, XRP’s liquidity profile changes overnight.

Final Take: 21Shares XRP ETF Approval Is No Longer “If”… It’s “When”

The amendment to the 21Shares S-1 is the final checkmark before approval. It tells us the conversations with the SEC are active. It tells us the structure is locked. It tells us the ETF is imminent.

This could be the moment XRP holders have waited a decade for — the moment institutions finally get a regulated, compliant route into XRP.

The countdown has officially begun.

Make sure you check out this article next – XRP ETF Inflows Pass Ethereum