The REX-Osprey XRP ETF (XRPR) has achieved a significant milestone. The product, launched on September 18, 2025, by REX Shares in partnership with Osprey Funds, has now surpassed $100 million in belongings underneath administration (AUM).
The announcement, which was made on X by REX Shares, is a defining second for XRP funding merchandise, as XRPR turns into the primary ETF in america to offer buyers with regulated publicity to the digital asset’s market worth.
XRPR Reaches Main Milestone
The fund’s fast development to over $100 million in AUM in simply over a month exhibits the extreme curiosity in XRP-related merchandise amongst crypto buyers, who have been fervently ready for a Spot XRP ETF.
In response to its construction, XRPR is monitoring the efficiency of XRP’s spot market whereas complying with current US laws. As proven on the XRPR web site, it does this by investing a minimum of 80% of its belongings in XRP and associated devices by means of the REX-Osprey™ XRP subsidiary, fairly than holding the token straight.
Underneath regular market circumstances, the fund invests a minimum of 80% of its internet belongings, plus any borrowings for funding functions, in XRP and different belongings that present publicity to XRP’s worth actions. Nonetheless, though it seeks returns that correspond intently to XRP’s efficiency, its outcomes won’t totally replicate the token’s market worth.
This setup permits XRPR to function throughout the framework of the US Funding Firm Act of 1940, just like conventional fairness or commodity ETFs. Though it supplies spot publicity to XRP’s worth actions, it differs from one thing like BlackRock’s Spot Bitcoin ETF (IBIT), which holds the cryptocurrency itself in custody. Nonetheless, the construction provides buyers regulated entry to XRP’s worth efficiency with out counting on futures or derivatives.
Spot XRP ETF Purposes Nonetheless Await SEC Resolution
Because it stands, XRPR is presently the one XRP ETF obtainable within the US. Nonetheless, a number of main asset managers, together with WisdomTree and CoinShares, have filed functions for pure spot XRP ETFs that will have the construction of spot Bitcoin ETFs. These proposed funds would straight maintain XRP in custody and supply full one-to-one publicity to its market worth.
The ultimate deadline on most of those Spot XRP ETF functions was set between October 19 and October 25. Nonetheless, progress has stalled as a result of ongoing US authorities shutdown, which has successfully frozen the Securities and Trade Fee’s (SEC) overview course of.
Simply weeks earlier than the shutdown, the SEC launched a brand new set of generic itemizing requirements for commodity-based exchange-traded merchandise to fast-track their launch. Nonetheless, till the federal government reopens, no new ETF approvals, crypto or in any other case, can transfer ahead.
On the time of writing, XRP is buying and selling at $2.54, up by 3.6% prior to now 24 hours.
Featured picture from Pexels, chart from TradingView
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