TXBC
The 21shares XRP ETF XRP provides direct exposure to XRP, a digital asset built to make cross-border payments faster, more affordable, and more reliable than traditional systems. XRP runs on the decentralized XRP Ledger, which is used globally by payment providers, banks, and fintechs aiming to modernize international settlement.
Investment objective
21shares XRP ETF (TOXR or the Fund) seeks to track the performance of XRP, as measured by the performance of the CME CF XRP—Dollar Reference Rate—New York Variant (the “Pricing Benchmark”), adjusted for the Fund’s expenses and other liabilities. In seeking to achieve its investment objective, the Fund will hold XRP and will value its Shares daily based on the Pricing Benchmark.
Transforming global payments
Traditional cross-border transfers can take days and cost up to 6%.1 XRP enables transactions in under 5 seconds for a fraction of a cent, offering a modern alternative to legacy rails.
Growing institutional use
Many financial institutions are using the XRP ledger2 for the settlement and trading of tokenized real-world assets. XRP remains required for core ledger functions for executing transactions, maintaining wallet reserves, and establishing trustlines.
Growing stablecoin usage
A USD-backed stablecoin on the XRP Ledger, Ripple USD (RLUSD) has seen strong early adoption and enhances ledger utility across payments, liquidity, and onchain finance.
Performance
The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Shares are bought and sold at market price (not NAV) and are no individually redeemed from the Fund. Total Returns (Net Asset Value) are calculated using the daily 4:00pm net asset value (NAV). Returns over one year are annualized.
Premium/Discount
The amount that the Fund’s market price is about the reported NAV is called the premium. The amount that the Fund’s market price is below the NAV is called the discount. The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
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