The launch of the first U.S.-listed exchange-traded fund (ETF) providing spot exposure to XRP has made a notable impact, surpassing $100 million in assets under management (AUM) just a month after its debut, according to issuer REX-Osprey. Launched in September, the REX-Osprey XRP ETF (XRPR) has quickly gained traction, allowing investors to gain direct exposure to XRP, which is currently the fourth-largest cryptocurrency by market capitalization.
This noteworthy achievement comes at a time of uncertainty in the regulatory landscape, particularly with the U.S. Securities and Exchange Commission (SEC) delaying decisions on at least six other spot XRP ETF applications amid a slowdown attributed to a federal government shutdown. As a result of these delays, XRPR has emerged as a key benchmark for measuring market interest in XRP within the United States.
In the broader cryptocurrency market, the Hashed Nasdaq XRP ETF (XRPH11), recognized as the first spot XRP ETF globally, has accumulated approximately 282 million real (around $52 million) in total assets, underscoring the growing interest in XRP-related investment vehicles.
Institutional engagement with XRP has also seen a significant uptick. The CME Group recently introduced XRP options to its offerings, spurred by strong demand for XRP futures. The exchange has reported that over 567,000 futures contracts were traded, translating to a striking $26.9 billion in notional volume since the launch of XRP and micro XRP futures in May.
Additionally, some firms are beginning to position XRP as a strategic asset. Evernorth, a new treasury company planning to list on Nasdaq, has committed to incorporating XRP as a core reserve asset, reflecting a growing recognition of XRP’s potential within institutional investment portfolios.
As the digital asset landscape continues to evolve, the interest in XRP and its associated financial products, particularly ETFs, indicates a significant shift in market dynamics and institutional adoption.
