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21Shares and FTSE Russell partner to standardize digital asset benchmarks
21Shares and FTSE Russell have announced a global partnership to standardize the benchmark index framework for 21Shares’ Exchange Traded Products (ETPs) across the United States, Europe, and Australia. As part of this infrastructure enhancement, several US-listed single-asset ETFs—including those tracking Bitcoin, Ethereum, Solana, XRP, Sui, Dogecoin, and Polkadot—will transition to FTSE Russell digital asset indices. This change affects the Net Asset Value (NAV) calculation methodology but does not alter underlying asset exposure, legal structures, custodians, or fee schedules.
The transition for the XRP ETF (TOXR) to the FTSE XRP Index became effective on August 27, 2026. This move follows a period of significant market activity for XRP, which recently experienced a rally of nearly 70% before facing volatility and derivatives selling pressure. Despite recent price fluctuations and liquidations in the futures market, institutional interest remains high, with US spot XRP ETFs recording significant net inflows, contributing to cumulative inflows of approximately $1.6 billion.
Market analysts note that while the benchmark change improves operational governance and standardization for institutional investors, the XRP price remains subject to technical resistance and volatility. Large-scale whale activity has also been observed, with significant amounts of XRP being moved off exchanges into private wallets.
Entities
21Shares · Anchorage Digital · Binance · CF Benchmarks · Cboe BZX · FTSE Russell · LSEG · SEC · XRP
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] 21Shares is transitioning its XRP ETF (TOXR) to use the FTSE XRP Index for Net Asset Value (NAV) calculations. www.tokenpost.kr · coinpaper.com · etfexpress.com
- [● 3 SOURCES] The change to the FTSE XRP Index replaces the CME CF XRP–Dollar Reference Rate, New York Variant. www.tokenpost.kr · coinpaper.com
- [● 2 SOURCES] Sponsor fees for the trust will now be collected at least quarterly in XRP rather than weekly. www.tokenpost.kr
- [● 3 SOURCES] The 21Shares XRP ETF (TOXR) manages approximately $150 million in assets. www.tokenpost.kr · coinpaper.com
- [● 3 SOURCES] Seven single-asset ETFs—ARKB, TETH, TSOL, TOXR, TSUI, TDOG, and TDOT—are switching to FTSE Russell digital asset indices. www.tokenpost.kr · etfexpress.com
- [● 3 SOURCES] Custody for the XRP assets remains with Anchorage Digital, BitGo, and Coinbase Custody. www.tokenpost.kr · coinpaper.com