XRP ETF Hits $100,000,000 Milestone in Assets Under Management in Just Five Weeks
The REX-Osprey XRP ETF (XRPR) has surged past $100 million in assets under management in just over a month.
This fund is the first in the US to provide spot exposure to XRP, launching five weeks ago.
XRPR was built under a ’40 Act structure, holding at least 80% in actual XRP, plus US Treasuries, cash equivalents and limited derivatives for tax compliance.
Trading on major platforms, it debuted at $25.82 and now hovers near $20.65, up 3.82% recently, largely tracking the native asset’s own price movements.
The rise in AUM comes amid SEC delays on six other XRP ETF applications due to government shutdowns, with XRPR filling the gap ahead of potential approvals.
Meanwhile, CME Group’s futures-based XRP products have witnessed $26.9 billion in volume since launching five months ago, which is the equivalent of about 9 billion XRP.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top Cryptos with Most Potential: BlockDAG, Dogecoin, Pepe, and Shiba Inu Gain Momentum
Solana News Today: Grayscale Connects Conventional Finance and Blockchain through Solana Trust
- Grayscale launches GSOL, the U.S.'s largest publicly traded Solana spot fund, offering direct SOL token exposure and staking integration. - Solana's network generates $425M monthly fees, supports 500+ dApps, and maintains 1,000+ active developers, reinforcing institutional confidence. - Regulatory progress includes Hong Kong's Solana ETF approval and U.S. applications, while SOC certifications enhance staking security for risk-averse investors. - Despite recent price dips, Grayscale highlights Solana's u
Thailand Strikes a Balance Between Crypto Regulation and Tourist-Focused Digital Baht Trial
- Thai SEC and CCIB raided a Worldcoin iris scanning site in Bangkok, arresting suspects for operating an unlicensed crypto exchange under the 2018 Emergency Decree. - Worldcoin’s biometric data collection for WLD tokens faces scrutiny in Thailand and globally, with regulators citing unlicensed services and privacy violations in Kenya, Germany, and France. - Authorities emphasized the crackdown aims to prevent fraud and money laundering, while Worldcoin introduced privacy upgrades like SMPC encryption and
Ethereum Updates: SHIB's Massive Token Burns Fail to Address Utility Gap
- Shiba Inu (SHIB) token's 26,493% daily burn rate spike fails to resolve its core issue: lack of tangible utility despite increased scarcity. - Shibarium's stagnant Total Value Locked (TVL) highlights structural flaws, as platform upgrades like BONE Plasma Bridge relaunch show no meaningful adoption growth. - SHIB's price volatility (23% monthly decline) contrasts with Ethereum's institutional adoption, exposing its inability to capitalize on network growth due to limited functionality. - Analysts stress
Trending news
MoreCrypto prices
More
