- The REX-Osprey XRP ETF (XRPR) is set to begin trading this week, providing the first regulated XRP access in the US.
- The fund will hold XRP directly and allocate 40% of its assets to XRP-related ETFs, using derivatives only optionally for additional exposure.
- Regulatory support for crypto ETFs is developing cautiously, with the SEC delaying some proposals while more than 90 others remain under review.
REX Shares and Osprey Funds are preparing to launch the first United States exchange-traded fund (ETF) directly tied to XRP, offering a new entry point for investors seeking exposure to the token. The REX-Osprey XRP ETF will trade under the ticker XRPR and is scheduled to begin this week after clearing the Securities and Exchange Commission’s (SEC) 75-day review window.
The ETF is structured under the Investment Company Act of 1940, which regulates pooled investment vehicles and sets protections against fraud and conflicts of interest. Unlike Bitcoin and Ethereum ETFs registered under the Securities Act of 1933, this structure allows the XRP product to proceed automatically if the SEC does not intervene within the designated period.
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Inside the XRPR ETF
According to the prospectus, the fund will hold XRP directly while also allocating at least 40% of its assets to other XRP-related ETFs. Bloomberg analyst James Seyffart explained that while the documents mention the potential for derivatives, this would not be the primary mechanism for exposure. He added that the arrangement differs from existing spot Bitcoin and Ethereum ETFs and represents a workaround designed to move more quickly through the approval process.
This approach mirrors REX and Osprey’s Solana staking ETF, launched earlier in the year, which used a similar legal framework. The companies have also filed for ETFs tied to other assets, including Dogecoin and BNB, with the DOGE product expected to follow XRPR’s debut.
The product arrives amid cautious regulatory support for crypto ETFs. The SEC has delayed decisions on certain proposals, including Grayscale’s, while over 90 crypto ETFs remain under review, reflecting strong demand for regulated digital asset investments.
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