SEC posts filing for 21Shares XRP ETF, detailing benchmark licensing agreement

The SEC has posted an 8-K filing for the 21Shares XRP ETF, a fund that tracks the price of XRP through direct holdings of the digital asset. The filing, dated August 26, 2026, details a Benchmark Licensing Agreement between 21Shares US LLC and FTSE International Limited for the use of the FTSE XRP Index. This isn’t a new ETF approval or a splashy launch announcement. The 21Shares XRP ETF has been trading on the Cboe BZX Exchange since December 11, 2025, under the ticker TOXR. The filing is more of a bureaucratic formality, the kind of paperwork that keeps the regulatory machinery humming along quietly in the background. What the filing actually covers The Benchmark Licensing Agreement, signed on August 20, 2026, governs how 21Shares uses the FTSE XRP Index as the benchmark for its ETF. The ETF itself is designed to passively track XRP’s price by holding the tokens directly. No leverage, no derivatives, no financial engineering. Just XRP sitting in custody, with the fund’s share price reflecting the underlying asset’s value. Custodial duties are handled by Bank of New York Mellon and Coinbase. The SEC originally received the S-1 registration for the fund on November 1, 2024. That fi...