U.S. Spot XRP ETF Reaches Over $100 Million in AUM

U.S. Spot XRP ETF Achieves Milestone

REX-Osprey's XRP ETF has reached a significant milestone, surpassing $100 million in assets under management (AUM) just a month post-launch. This ETF provides direct exposure to XRP, the fourth-largest cryptocurrency by market cap.

Significance Amid SEC Delays

The achievement comes at a crucial time as the U.S. Securities and Exchange Commission (SEC) has postponed decisions on six other spot XRP ETF applications due to a government shutdown-induced slowdown. As a result, the REX-Osprey XRP ETF (XRPR) stands as a key indicator of U.S. market interest in XRP.

Global and Institutional Interest

Globally, the Hashed Nasdaq XRP (XRPH11) in Brazil has accumulated 282 million real, approximately $52 million. Additionally, CME Group has expanded its offerings to include XRP options, driven by robust demand for its XRP futures. Since May, CME has reported over 567,000 futures contracts traded, equating to $26.9 billion in notional volume.

Furthermore, firms like Evernorth are increasingly viewing XRP as a strategic asset, with plans to make it a core reserve asset upon listing on Nasdaq.