- XRPR is the first U.S. spot ETF for XRP, launched by REX-Osprey under the ’40 Act.
- The fund follows the model of their Solana ETF, which introduced staking rewards.
- More XRP ETF applications are pending, but REX-Osprey’s approach gave them the first-mover advantage.
For the first time in U.S. markets, an exchange-traded fund giving spot exposure to XRP is now live. The REX-Osprey XRP ETF officially began trading Thursday under the ticker symbol XRPR, making it the first ETF in the country to directly track the third-largest cryptocurrency.
This milestone comes alongside the launch of the REX-Osprey DOGE ETF (DOJE), expanding the firms’ footprint in crypto-based investment products. Unlike other pending XRP ETF applications filed under the Securities Act of 1933, REX and Osprey pursued a different route — registering the fund under the Investment Company Act of 1940, a framework designed to protect investors through stricter compliance and oversight.
Why This XRP ETF Stands Out
XRPR isn’t just another crypto product. It mirrors the structure used by the REX-Osprey Solana Staking ETF, launched earlier this year, which remains the only U.S.-listed product tracking SOL. That ETF even integrated staking rewards, something investors hadn’t seen before in regulated markets.
Greg King, CEO of REX Financial and Osprey Funds, emphasized that ETFs are increasingly the go-to vehicle for investors seeking regulated access to crypto. “The digital asset revolution is already underway, and being able to offer exposure to popular assets like XRP inside the ’40 Act regime is something we’re proud of,” King noted.
What Comes Next for XRP ETFs?
Other major firms including Bitwise, Canary, WisdomTree, and 21Shares are also seeking SEC approval for their own XRP funds. Their filings, however, are being reviewed under the Securities Act of 1933 — a slower and more uncertain process compared to the route taken by REX-Osprey.
Meanwhile, the SEC has recently shown signs of warming up to crypto ETFs. Spot Bitcoin and Ethereum funds were approved last year after a key court ruling, and just this week, the regulator cleared listing standards for new digital asset ETFs. Alongside XRPR’s debut, the CME Group announced plans to roll out Solana and XRP options by mid-October, pending regulatory approval.
This combination of ETF innovation and derivatives expansion signals that XRP is moving deeper into institutional territory — even as its token price remains a hot debate among traders.
