21Shares will launch its U.S. spot XRP exchange-traded fund on December 1, 2025, trading under ticker TOXR on Cboe BZX Exchange, according to an SEC filing dated November 28, 2025. The product becomes the fifth spot XRP ETF in the United States. XRP-focused ETFs have recorded $666.61 million in aggregate inflows, coinciding with a 12% weekly price increase for the token.

CoinShares, which manages $10 billion in assets, has withdrawn SEC registration statements for three planned crypto ETFs covering XRP, Solana and Litecoin. CEO Jean-Marie Mognetti cited intense market saturation, with traditional finance giants now controlling over 90% of crypto ETF inflows. The firm will instead focus on developing thematic crypto baskets and actively managed strategies over the next 12 to 18 months.

Recent rumors claimed MicroStrategy sold over $1 billion in Bitcoin as prices dropped below $95,000. Investigation of on-chain data, SEC filings, and official statements confirms no sales occurred. Large wallet transfers represented custodian changes, not liquidations.

Real-World Asset (RWA) tokens are showing resilience during the broader crypto market decline, with developer activity accelerating across major projects. Chainlink leads all RWA initiatives in development momentum, according to on-chain data. Hedera and Avalanche also rank among the top contributors to the sector's growth.

Bank Negara Malaysia has launched a three-year program to explore blockchain-based asset tokenization across the country's financial sector. The central bank released a discussion paper inviting industry feedback until March 1, 2026, with pilot testing scheduled to begin in 2026 and expand through 2027.

Veteran trader VirtualBacon says the cryptocurrency market may be poised for a liquidity-driven rally as the Federal Reserve approaches the end of quantitative tightening. Goldman Sachs and Bank of America project QT could conclude by November or December 2025, potentially creating favorable conditions for Bitcoin and altcoins. The CME FedWatch tool shows a 99.9% probability of a rate cut this month, with an 87.9% chance of another reduction later this year.

XRP rose over 5.4% to approximately $2.57 following two institutional milestones. The XRPR spot ETF exceeded $100 million in assets under management, with nearly 40% coming from hedge funds and institutional portfolios, according to REX-Osprey. CME Group reported XRP futures contracts have generated over $26.9 billion in notional volume since launching in May.