XRP-ETFs Reach Billion Dollar Mark as Coinbase Integrates Solana DEX Trading

XRP-ETF Market Records Strong Growth

21Shares has launched a new XRP-ETF on the CBOE exchange with the ticker symbol TOXR, expanding the range of institutionally tradable XRP products ^[1]. The ETF tracks the fourth-largest cryptocurrency by market capitalization and aims to provide investors with regulated access to XRP and the Ripple ecosystem ^[1].

In recent weeks, several providers, including Grayscale, Canary Capital, and REX Shares, have already brought similar products to market ^[1]. This indicates strongly growing interest in XRP-ETFs.

To ensure a high level of security in the institutional environment, the ETF will be custodied by established providers such as Coinbase, Anchorage Digital Bank, and BitGo ^[1]. "The introduction of TOXR will play an important role in meeting growing investor demand for cryptocurrencies in the U.S. market, and we are very pleased to provide investors with access to XRP and the Ripple ecosystem," said Federico Brokate, global head of business development at 21Shares ^[1].

Nearly One Billion Dollars in Capital Attracted

The newly launched XRP-ETFs are considered a clear success so far: despite a subdued market environment, they have collectively attracted nearly one billion U.S. dollars in capital ^[1]. The Ripple coin is currently trading approximately 45.5 percent below its all-time high of $3.65, yet continues to show stable demand in the institutional sector ^[1].

The new products could help anchor XRP more firmly in the traditional financial sector and further expand the asset's liquidity and visibility ^[1].

Coinbase Integrates Solana DEX Trading

Coinbase presented a new feature at the Solana Breakpoint 2025 conference that allows users to trade Solana tokens directly on-chain from the Coinbase app for the first time—without additional wallets, without DeFi interfaces, and without lengthy listing procedures ^[2].

Instead of operating through the exchange's central order book, swaps will now run entirely on the Solana blockchain, settled with USDC ^[2]. The user interface remains the familiar Coinbase design. "The goal is to make millions of newly created on-chain assets immediately accessible," explained Andrew Allen, Solana product lead at Coinbase ^[2].

Direct Access Without Listing Hurdles

With the Coinbase integration, users can now trade every newly issued SPL asset—the Solana equivalent of ERC-20 tokens—immediately ^[2]. This includes meme coins, launch tokens, and protocol assets that traditionally are not listed on central exchanges until weeks later ^[2]. For Solana projects, this means global access without listing barriers ^[2].

A live demonstration showed how order execution, routing, and slippage management are performed entirely on-chain with near-instant finality ^[2].

Strategic Shift in Direction

Strategically, Coinbase is signaling a shift: given declining spot trading volumes in the U.S., the exchange wants to increasingly focus on self-custody features and a hybrid architecture—centralized user experience, decentralized execution ^[2]. Solana is among the most active DEX ecosystems in 2025 and records the highest number of on-chain trades across many metrics ^[2].

Solflare Launches Hardware Wallet Shipment

Parallel to the Coinbase integration, the Solflare team confirmed on December 11 that shipment of its cryptocurrency and NFT Shield hardware wallet has begun ^[3]. The announcement was made at the Breakpoint conference, where all attendees received a free unit at the Solflare booth ^[3].

The Shield hardware wallet features cold wallet security and includes an EAL6+-certified integrated security chip ^[3]. It offers seamless integration with the Solflare mobile app and is slim enough to fit in a back pocket ^[3]. The device uses NFC technology without cables, batteries, or Bluetooth and features PIN or biometric protection for all transactions ^[3].