The First Ever Spot XRP ETF To Be Approved In The US Just Hit A Major Milestone

The REX-Osprey XRP ETF (XRPR) has achieved a significant milestone. The product, launched on September 18, 2025, by REX Shares in partnership with Osprey Funds, has now surpassed $100 million in belongings below 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 offer traders with regulated publicity to the digital asset’s market worth.

XRPR Reaches Main Milestone

The fund’s fast progress to over $100 million in AUM in simply over a month reveals the extraordinary curiosity in XRP-related merchandise amongst crypto traders, who have been fervently ready for a Spot XRP ETF. 

Based on 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 at the very least 80% of its belongings in XRP and associated devices by way of the REX-Osprey™ XRP subsidiary, slightly than holding the token instantly.

Underneath regular market circumstances, the fund invests at the very least 80% of its internet belongings, plus any borrowings for funding functions, in XRP and different belongings that present publicity to XRP’s worth actions. Nevertheless, though it seeks returns that correspond carefully to XRP’s efficiency, its outcomes is not going to totally replicate the token’s market worth.

This setup permits XRPR to function inside the framework of the US Funding Firm Act of 1940, much like conventional fairness or commodity ETFs. Though it gives 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 Purposes Nonetheless Await SEC Determination

Because it stands, XRPR is at the moment the one XRP ETF out there within the US. Nevertheless, a number of main asset managers, together with WisdomTree and CoinShares, have filed purposes for pure spot XRP ETFs that might 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 purposes 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 Trade Fee’s (SEC) overview 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% prior to now 24 hours.

Featured picture from Pexels, chart from TradingView

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