TOXR
21shares XRP ETF (TOXR), an exchange traded product, is not registered under the Investment Company Act of 1940, as amended (“40 Act”), and therefore is not subject to the same regulations and protections as 40 Act registered ETFs and mutual funds. TOXR is subject to significant risk and heightened volatility. XRP assets are not suitable for an investor who cannot afford to lose the entire investment. An investment in TOXR is not a direct investment in XRP.
The 21shares XRP ETF 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 and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 646-370-6016 or visit the Fund’s website at www.21shares.com.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.
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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