The inaugural Spot XRP ETF in the US has just reached a significant milestone.

crypthub

5 days ago

Milestone Achievement

The REX‑Osprey XRP ETF (XRPR) launched on September 18, 2025, and has already exceeded $100 million in assets under management. Reaching this level in just over a month signals strong demand for regulated XRP exposure. It is the first U.S. ETF that offers investors a regulated link to the digital asset’s market price.

ETF Structure and Performance

XRPR invests at least 80 % of its net assets, plus any borrowing, in XRP and related instruments through a subsidiary, rather than holding the token directly. This design complies with the Investment Company Act of 1940 and lets the fund track spot‑market movements while not perfectly mirroring the token’s price. Unlike BlackRock’s Spot Bitcoin ETF, it does not keep the cryptocurrency in custody, avoiding futures or derivative reliance.

Market Landscape and Outlook

XRPR remains the sole XRP‑focused ETF in the United States, though firms such as WisdomTree and CoinShares have filed for pure spot XRP ETFs that would hold the token directly. SEC review of those applications is stalled by the current government shutdown, despite recent generic listing standards intended to speed approvals. XRP is trading around $2.54, up about 3.6 % in the last 24 hours.