Hold onto your seats, folks! The REX-Osprey XRP ETF (XRPR) just smashed a major milestone that could make your head spin faster than a crypto bull market. Launched on September 18, 2025, by REX Shares in partnership with Osprey Funds, this shiny new product has already surged past a whopping $100 million in assets under management (AUM). 💸
And guess what? This isn’t just any ETF. No, no. XRPR is the first ever ETF in the US to give investors a regulated way to get in on XRP’s market price without needing to dive into the confusing abyss of futures, derivatives, or simply hoping for the best. Talk about a game changer! 😎
XRPR’s Meteoric Rise: A Milestone for XRP
In just over a month, XRPR has skyrocketed to over $100 million in AUM. And you thought you had seen fast growth before-try being a part of the crypto community eagerly waiting for a Spot XRP ETF. This is the kind of stuff that makes crypto investors shout “finally!” at their screens. 📈
XRPR does its thing by tracking the performance of XRP’s spot market. And here’s the kicker: instead of holding the token directly (because that would just be too simple, right?), the fund invests at least 80% of its assets in XRP and related instruments via the REX-Osprey XRP subsidiary. All that regulatory jazz is covered, too, thanks to the 1940 Investment Company Act. Legal, legitimate, and crypto-approved. 🎉
It’s not exactly the same as, say, BlackRock’s Spot Bitcoin ETF (IBIT), which holds Bitcoin in custody. But, you know, close enough for crypto comfort. It’s like getting the benefits of XRP’s market price without actually having to touch it. Smooth. 🤫
Spot XRP ETF Applications: Still Waiting on SEC Approval 😬
But wait, there’s more drama. XRPR may be the only XRP ETF available in the US for now, but don’t get too cozy. Major asset managers like WisdomTree and CoinShares are currently trying to get their own spot XRP ETFs approved-ones that will directly hold XRP and offer 100% exposure to its price movements. Talk about a competition! 🏁
Here’s where the plot thickens: the final deadline for these applications was between October 19 and 25. But thanks to the US government shutdown (yay), everything is on pause. The SEC can’t approve anything, including these crypto ETFs, until the government gets its act together. So, who knows when the next big announcement will happen? 🙄
Before the shutdown chaos, the SEC did try to speed things up by introducing new rules to fast-track commodity-based ETFs. But for now, all we can do is twiddle our thumbs until the government reopens and we get to find out if the crypto world gets more toys to play with. ⏳
For the record, XRP is currently trading at $2.54, up by 3.6% in the last 24 hours. But with all this drama unfolding, who knows how long that will last? 🤷♀️
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2025-10-26 07:14