What to Know:
- REX Osprey XRP ETF (XRPR) has exceeded $100 million in assets under management.
- XRPR is the first XRP ETF in the US, but it does not offer direct exposure to the token.
- Pending spot XRP ETFs from major issuers like Franklin Templeton await SEC approval.
The REX Osprey XRP ETF (XRPR) has achieved a significant milestone, surpassing $100 million in assets under management, signaling growing investor interest in crypto-related investment products. As the first XRP ETF in the U.S., XRPR has paved the way for further innovation in the digital asset space. The ETF’s success highlights the increasing demand for regulated and accessible crypto investment vehicles.
XRPR operates as an investment company, diversifying its holdings rather than directly holding XRP. This structure allows it to comply with regulatory requirements, but it also means investors do not gain direct exposure to the price movements of XRP. The ETF’s performance will therefore depend on the overall performance of its diverse portfolio.
Several major issuers, including Franklin Templeton, are vying to launch “pure” spot XRP ETFs. These ETFs would directly hold XRP, providing investors with a more direct way to gain exposure to the cryptocurrency. The approval of these spot XRP ETFs is anticipated following the establishment of the SEC’s generic listing standard.
The ongoing government shutdown has temporarily stalled the SEC’s ability to approve new crypto ETFs. With limited staff, the agency is facing delays in processing pending applications. Once the government shutdown ends, the SEC is expected to resume its review of spot XRP ETF applications.
The growing interest in XRP ETFs reflects the increasing mainstream acceptance of cryptocurrencies as legitimate investment assets. As regulatory clarity improves and more investment options become available, the crypto market is poised for further growth and institutional adoption. The potential approval of spot XRP ETFs could further boost investor confidence and drive increased participation in the XRP market.
Source: Original article
