The first US-listed exchange-traded fund (ETF) offering spot exposure to XRP has surpassed $100 million in assets under management (AUM) just one month after launch, according to issuer REX-Osprey.
The ETF, REX-Osprey XRP ETF (XRPR), has seen rapid growth since its launch in September. It offers investors direct exposure to XRP, which is currently the fourth largest cryptocurrency by market capitalization.
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The timing of the milestone is significant. The US Securities and Exchange Commission (SEC) has delayed rulings on at least six other spot XRP ETF applications due to a slowdown triggered by the federal government shutdown.
With approvals stalled, XRPR has emerged as a de facto benchmark to measure market interest in the cryptocurrency in the United States. Meanwhile, Hashed Nasdaq XRP (XRPH11), the world’s first spot XRP ETF, has accumulated 282 million reais (about $52 million) in total assets.
Meanwhile, institutional activity around XRP has continued to accelerate. CME Group recently added XRP options to its offerings following strong demand for its XRP futures.
The exchange reported that over 567,000 futures contracts were traded, representing $26.9 billion in nominal volume, since the launch of XRP and micro XRP futures in May.
Some companies are now positioning XRP as a strategic asset. Evernorth, a new financial company with plans to list on the Nasdaq, has committed to holding XRP as a core reserve asset.
