The first US exchange-traded fund to provide spot exposure to XRP has surpassed $100 million in assets under management.
According to issuer REX Osprey, the REX-Osprey XRP ETF (ticker: XRPR) reached the threshold just a month after its launch on September 18. The fund gives investors direct exposure to XRP, now the fourth largest cryptocurrency by market capitalization.
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on at least six other spot XRP ETF applications due to a recent government shutdown. That delay has essentially made XRPR the benchmark for measuring the US market’s interest in the token.
A tale of two markets
While XRPR continues to attract strong inflows, Brazil’s Hashdex NASDAQ The contrast shows how quickly US markets embraced regulated XRP exposure once it became available.
Market analysts say the ETF’s success is a combination of increasing confidence in digital assets and the growing desire for regulated expansion. Many investors prefer ETFs to direct investments for compliance and custody reasons, especially when navigating complex U.S. tax and securities regulations.
Institutional activity is expanding
In addition to ETFs, institutional activity around XRP is accelerating. CME Group recently expanded its XRP offering by introducing XRP options, following the strong performance of its XRP futures market. Since launching in May, CME has reported more than 567,000 XRP futures contracts traded, representing a notional volume of $26.9 billion.
Companies participate in XRP Play
The business side of the market is also changing. Evernorth, a new treasury and liquidity management company preparing to list on the NASDAQ, recently announced plans to hold XRP as a core reserve. The decision reflects a broader institutional move toward diversification across digital currencies that can support cross-border payments and liquidity management.
Broader crypto sentiment remains steadfast. The crypto market is quietly climbing again. The total value now stands at about $3.84 trillion, up about 2% per day. Bitcoin ($BTC) is trading near $113,000, while Ethereum ($ETH) has crossed $4,000. XRP ($XRP) is showing some strength at $2.64, up over 11% this week.
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