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 major milestone. The product, launched on September 18, 2025, by REX Shares in partnership with Osprey Funds, has now surpassed $100 million in property beneath 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 within the United States to offer buyers with regulated publicity to the digital asset’s market value.

XRPR Reaches Major Milestone

The fund’s speedy development to over $100 million in AUM in simply over a month reveals the extreme curiosity in XRP-related merchandise amongst crypto buyers, who have been fervently waiting for a Spot XRP ETF. 

According to its construction, XRPR is monitoring the efficiency of XRP’s spot market whereas complying with present US rules. As proven on the XRPR website, it does this by investing no less than 80% of its property in XRP and associated devices by way of the REX-Osprey XRP subsidiary, relatively than holding the token straight.

Under regular market situations, the fund invests no less than 80% of its internet property, plus any borrowings for funding functions, in XRP and different property that present publicity to XRP’s value actions. However, though it seeks returns that correspond carefully to XRP’s efficiency, its outcomes won’t totally replicate the token’s market value.

This setup permits XRPR to function inside the framework of the US Investment Company Act of 1940, just like conventional fairness or commodity ETFs. Although it gives spot publicity to XRP’s value actions, it differs from one thing like BlackRock’s Spot Bitcoin ETF (IBIT), which holds the cryptocurrency itself in custody. Still, the construction provides buyers regulated entry to XRP’s value efficiency with out counting on futures or derivatives.

Spot XRP ETF Applications Still Await SEC Decision

As it stands, XRPR is at present the one XRP ETF out there within the US. However, a number of main asset managers, together with WisdomTree and CoinShares, have filed purposes for pure spot XRP ETFs that will have the construction of spot Bitcoin ETFs. These proposed funds would straight maintain XRP in custody and provide full one-to-one publicity to its market value.

The last deadline on most of those Spot XRP ETF purposes was set between October 19 and October 25. However, progress has stalled because of the ongoing US authorities shutdown, which has successfully frozen the Securities and Exchange Commission’s (SEC) evaluation course of. 

Just weeks earlier than the shutdown, the SEC introduced a new set of generic itemizing requirements for commodity-based exchange-traded merchandise to fast-track their launch. However, till the federal government reopens, no new ETF approvals, crypto or in any other case, can transfer ahead.

At the time of writing, XRP is buying and selling at $2.54, up by 3.6% up to now 24 hours.

Featured picture from Pexels, chart from TradingView