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AI brief of an SEC Form 8-K · 21Shares XRP ETF (TOXR)

21Shares XRP ETF switches XRP index to FTSE benchmark from August 27, 2026

Neutral Impact 3 of 5 legal/regulatory Written later

The fund's sponsor signed a licensing agreement with FTSE International for the FTSE XRP Index, which will replace the CME CF XRP-Dollar Reference Rate for valuing shares and calculating net asset value starting August 27, 2026. The filing also amends the sponsor fee to be paid at least quarterly rather than weekly, and updates the trust agreement to reflect these changes, which the filing says do not materially affect shareholder rights.

Key points

  • Benchmark change follows CF Benchmarks licensing termination effective August 31, 2026, with the FTSE switch beginning August 27, 2026.
  • FTSE XRP Index licence is expected to have a one-year initial term, renewing automatically for one-year periods.
  • Sponsor fee payment timing changed from weekly in arrears to at least quarterly in arrears, still payable in XRP.
  • Fourth Amended and Restated Trust Agreement signed August 26, 2026 with CSC Delaware Trust Company as trustee.

The filing

Company21Shares XRP ETF (TOXR)
Form8-K, current report
Filed with the SECAug 26, 2026, 4:20 PM ET
Accession number0001213900-26-093987

Items reported: 1.01 Material Definitive Agreement5.03 Bylaw / Charter Amendment

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 26, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.