Significant Achievement for REX-Osprey XRP ETF (XRPR)
Introduction
In a landmark moment for the investment community, the REX-Osprey XRP ETF (XRPR) has reached an impressive milestone. Officially launched on September 18, 2025, this innovative financial product has now accumulated over $100 million in assets under management (AUM). This achievement is the result of a strategic collaboration between REX Shares and Osprey Funds, marking XRPR as the first exchange-traded fund in the United States to offer regulated exposure to the dynamic market price of XRP.
XRPR’s Remarkable Growth
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The swift ascent of XRPR, achieving over $100 million in AUM within a month, underscores the heightened interest among cryptocurrency investors in XRP-centric products. Many investors have eagerly anticipated a Spot XRP ETF, and XRPR has successfully captured their attention. The XRPR ETF is designed to mirror the performance of XRP’s spot market while adhering to existing U.S. regulatory frameworks. According to information available on the XRPR website, the fund allocates at least 80% of its assets to XRP and associated instruments via the REX-Osprey™ XRP subsidiary, rather than directly holding the token.
Investment Strategy and Regulatory Compliance
Under typical market conditions, XRPR invests a minimum of 80% of its net assets, alongside any investment-related borrowings, in XRP and other assets that offer exposure to XRP’s price dynamics. Although the fund aims to achieve returns that closely align with XRP’s market performance, it does not entirely replicate the token’s market price. This approach allows XRPR to function within the structure of the U.S. Investment Company Act of 1940, akin to conventional equity or commodity ETFs. While it offers spot exposure to XRP’s price movements, it contrasts with strategies like BlackRock’s Spot Bitcoin ETF (IBIT), which maintains custody of the Bitcoin itself. Nevertheless, XRPR provides investors with a regulated pathway to benefit from XRP’s price fluctuations without resorting to futures or derivatives.
Current Market Scenario
Presently, XRP is trading at $2.54, reflecting a 3.6% increase over the past 24 hours. Despite being the sole XRP ETF available in the U.S., XRPR faces potential competition. Prominent asset managers such as WisdomTree and CoinShares have submitted applications for pure spot XRP ETFs. These proposed funds aim to hold XRP directly in custody, offering investors complete one-to-one exposure to its market price.
Regulatory Challenges and Future Prospects
The SEC is yet to make a decision on several Spot XRP ETF applications, with final deadlines initially set for late October. However, the ongoing U.S. government shutdown has stalled the SEC’s review process, delaying any progress. Prior to this, the SEC introduced new generic listing standards for commodity-based exchange-traded products, aiming to expedite their launch. Yet, until the government resumes operations, no new ETF approvals, whether crypto-related or otherwise, can proceed.
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