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The first U.S. exchange-traded fund offering spot exposure to XRP has crossed $100 million in assets under management.
According to issuer REX Osprey, the REX-Osprey XRP ETF (ticker: XRPR) reached the threshold barely a month after its launch on September 18. The fund gives investors direct exposure to XRP, now the fourth-largest cryptocurrency by market capitalization.
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on at least six other spot XRP ETF applications due to a recent government shutdown. That delay has effectively made XRPR the benchmark for gauging American market appetite for the token.
A Tale of Two Markets
While XRPR continues to attract strong inflows, Brazil’s Hashdex NASDAQ XRP ETF, which launched earlier, holds about 282 million Brazilian reals, roughly $52 million in assets. The contrast shows how quickly U.S. markets have embraced regulated XRP exposure once available.
Market analysts say the ETF’s success shows a mix of rising confidence in digital assets and the growing desire for regulated onramps. Many investors prefer ETFs over direct holdings for compliance and custody reasons, particularly when navigating complex U.S. tax and securities rules.
Institutional Activity Expands
Beyond ETFs, institutional activity around XRP is accelerating. CME Group recently expanded its XRP offerings by introducing XRP options, following the strong performance of its XRP futures market. Since launching in May, CME has reported over 567,000 XRP futures contracts traded, representing $26.9 billion in notional volume.
Corporates Join the XRP Play
The corporate side of the market is also shifting. Evernorth, a new treasury and liquidity management firm preparing for a NASDAQ listing, recently announced plans to hold XRP as a core reserve asset. The decision reflects a broader institutional move toward diversification across digital currencies that can support cross-border payments and liquidity management.
Broader crypto sentiment remains firm. The crypto market is quietly climbing again. Total value now sits around $3.84 trillion, up about 2% in a day. Bitcoin ($BTC) is trading near $113,000, while Ethereum ($ETH) has crossed $4,000. XRP ($XRP) is showing some strength at $2.64, up more than 11% this week.
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