The REX-Osprey XRP ETF (XRPR) has achieved a serious milestone. The product, launched on September 18, 2025, by REX Shares in partnership with Osprey Funds, has now surpassed $100 million in property beneath administration (AUM).
The announcement, which was made on X by REX Shares, is a defining second for XRP funding merchandise, as XRPR turns into the primary ETF in the US to supply traders with regulated publicity to the digital asset’s market worth.
XRPR Reaches Main Milestone
The fund’s speedy progress to over $100 million in AUM in simply over a month reveals the extreme curiosity in XRP-related merchandise amongst crypto traders, who have been fervently ready for a Spot XRP ETF.
In line with its construction, XRPR is monitoring the efficiency of XRP’s spot market whereas complying with current US laws. As proven on the XRPR web site, it does this by investing no less than 80% of its property in XRP and associated devices by way of the REX-Osprey XRP subsidiary, quite than holding the token instantly.
Beneath regular market situations, the fund invests no less than 80% of its internet property, plus any borrowings for funding functions, in XRP and different property that present publicity to XRP’s worth actions. Nevertheless, though it seeks returns that correspond intently to XRP’s efficiency, its outcomes won’t absolutely replicate the token’s market worth.
This setup permits XRPR to function throughout the framework of the US Funding Firm Act of 1940, just like conventional fairness or commodity ETFs. Though it offers spot publicity to XRP’s worth actions, it differs from one thing like BlackRock’s Spot Bitcoin ETF (IBIT), which holds the cryptocurrency itself in custody. Nonetheless, the construction provides traders regulated entry to XRP’s worth efficiency with out counting on futures or derivatives.
Spot XRP ETF Functions Nonetheless Await SEC Resolution
Because it stands, XRPR is at the moment the one XRP ETF accessible within the US. Nevertheless, a number of main asset managers, together with WisdomTree and CoinShares, have filed functions for pure spot XRP ETFs that may have the construction of spot Bitcoin ETFs. These proposed funds would instantly maintain XRP in custody and provide full one-to-one publicity to its market worth.
The ultimate deadline on most of those Spot XRP ETF functions was set between October 19 and October 25. Nevertheless, progress has stalled as a result of ongoing US authorities shutdown, which has successfully frozen the Securities and Alternate Fee’s (SEC) evaluation course of.
Simply weeks earlier than the shutdown, the SEC launched a brand new set of generic itemizing requirements for commodity-based exchange-traded merchandise to fast-track their launch. Nevertheless, till the federal government reopens, no new ETF approvals, crypto or in any other case, can transfer ahead.
On the time of writing, XRP is buying and selling at $2.54, up by 3.6% up to now 24 hours.
Featured picture from Pexels, chart from TradingView
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