First XRP ETF Tops $100 Million Amid SEC Delay on New Approvals
XRP’s first US exchange-traded fund (ETF) has crossed a big milestone. It reached greater than $100 million in belongings below administration (AUM) barely a month after launch.
On October 24, REX-Osprey confirmed that its XRPR product surpassed the mark, signaling robust institutional urge for food for regulated publicity to the digital asset.
XRP ETF AUM Surpasses $100 Million
The fund, launched in September, affords direct spot access to XRP and has rapidly attracted buyers searching for compliant avenues to diversify their portfolios.
Its development highlights not simply speculative enthusiasm but additionally a extra profound structural shift, which exhibits that digital belongings have gotten built-in into the core equipment of world finance.
Meanwhile, this milestone arrives at a fragile regulatory second.
The US Securities and Exchange Commission (SEC) has but to rule on a number of pending spot XRP ETF applications.
At least six filings just lately reached their evaluation deadlines with out updates, largely because of the company’s decreased operations because the October 1 federal authorities shutdown.
This delay has successfully frozen progress on ETF approvals, leaving market contributors to gauge institutional sentiment by way of present merchandise like XRPR.
Institutional Interest in XRP Rises
However, even with regulatory inertia, institutional exercise round XRP continues to increase.
CME Group, the world’s largest derivatives market, just lately launched XRP choices after a robust uptake of its XRP futures contracts.
The trade reported over 567,000 futures contracts traded thus far. This is equal to roughly $26.9 billion in notional quantity or about 9 billion XRP tokens.
CME stated shopper demand for the brand new choices product grew organically as merchants sought to hedge volatility and broaden publicity.
Interestingly, that momentum extends past the derivatives market, with outstanding crypto merchants and establishments accumulating XRP.
Prominent crypto trader James Wynn just lately disclosed plans to allocate a “significant slice” of his portfolio to XRP. He stated the token has the potential to modernize world banking infrastructure.
“I consider it might revolutionize the banking programs. It’s a raffle, as all investments are,” he wrote.
Evernorth, a new treasury firm branded the “MicroStrategy of XRP,” has pledged to carry the token as a core balance-sheet asset. Its shares are anticipated to commerce on Nasdaq, a transfer that underscores the tightening hyperlink between digital liquidity and conventional markets.
Meanwhile, different companies, together with VivoPower International, Trident Digital Tech Holdings, and Webus, have additionally quietly accrued XRP.
At the identical time, Ripple continues to construct aggressively across the token.
Ripple CEO Brad Garlinghouse highlighted the agency’s ongoing acquisition technique, which includes GTreasury, Rail, Standard Custody, and Metaco. He acknowledged that these efforts are designed to increase Ripple’s cross-border settlement and liquidity network.
“As we proceed to construct options in the direction of enabling an Internet of Value – I’m reminding you all that XRP sits on the heart of every thing Ripple does,” Garlinghouse stated.
Collectively, these developments mark XRP’s transformation from a speculative commerce to a maturing institutional asset that bridges conventional finance with blockchain-driven liquidity networks.
The publish First XRP ETF Tops $100 Million Amid SEC Delay on New Approvals appeared first on BeInCrypto.
