Growing anticipation around an XRP exchange-traded fund (ETF) has intensified as 21shares US, a crypto asset manager, revealed on X on Dec. 2 that it is still awaiting a declaration of effectiveness from the U.S. Securities and Exchange Commission (SEC) for its planned spot XRP ETF. The firm addressed rising speculation about timing.

21shares US stated:

We are waiting for the SEC to declare us effective. Please wait for the announcement from our official socials.

Responding to speculation that its spot XRP ETF was expected to launch earlier this week, the company reiterated in a separate response: “Our official channels never made that announcement.” These messages appeared as users discussed expectations for an early-week debut and noted new search visibility for 21shares products on Vanguard’s platform, which some interpreted as an indicator of potential readiness.

Read more: 21shares Accelerates Crypto Access With 2 New Index ETFs Tracking Market Leaders

Meanwhile, Standard Chartered announced on Nov. 25 its appointment as digital asset custodian for 21shares, using its Luxembourg-based custody service registered with the Commission de Surveillance du Secteur Financier. The arrangement expands 21shares’ institutional services by adding secure, compliant digital asset storage designed for professional investors.

Recent regulatory approvals have enabled multiple spot XRP exchange-traded funds to reach the U.S. market, creating a backdrop of accelerating competition. Canary’s XRP ETF (Nasdaq: XRPC) became the first pure-play spot XRP ETF to launch in the U.S. Franklin’s XRP ETF (NYSE Arca: XRPZ) subsequently entered the market. Grayscale’s XRP Trust ETF (GXRP) also launched in late November. This cluster of new listings has increased attention on 21shares’ pending TOXR launch. Supporters argue that a broader lineup of regulated crypto ETFs deepens liquidity, expands institutional access, and strengthens price discovery, countering skepticism toward the asset class.

• Why is 21shares’ spot XRP ETF still pending approval?
  21shares confirmed it is still awaiting the SEC’s declaration of effectiveness, emphasizing that no official launch date has been announced.
• What signals suggest growing readiness for the 21shares XRP ETF?
  Rising user speculation, including increased search visibility for 21shares products on platforms like Vanguard, has fueled expectations—though the firm has not validated any timing claims.
• How does Standard Chartered’s new custodial role impact investor confidence?
  Standard Chartered’s regulated digital asset custody service enhances institutional-grade security and compliance, strengthening 21shares’ infrastructure for professional investors.
• Why is competition intensifying in the U.S. spot XRP ETF market?
  Recent launches from Canary, Franklin, and Grayscale have expanded the regulated XRP ETF landscape, making 21shares’ pending TOXR product a key focus amid accelerating institutional interest.

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