The REX-Osprey XRP ETF (XRPR) has surpassed $100 million in assets under management (AUM) in just five weeks after its launch, according to issuer REX-Osprey.
The ETF has experienced rapid growth since its launch on Sept. 18. It offers investors exposure to the price of XRP, currently the fourth-largest cryptocurrency by market capitalization.
Loading…
With approvals stalled, XRPR has emerged as one way for gauging market interest in XRP in the U.S. Meanwhile, the Hashdex Nasdaq XRP ETF (XRPH11), the world’s first spot XRP ETF, has accumulated 282 million real (around $52 million) in total assets.
Meanwhile, institutional activity around XRP has continued to accelerate. CME Group recently added XRP options to its offerings, following strong demand for its XRP futures.
The exchange reported that over 567,000 futures contracts were traded, representing $26.9 billion in notional volume, since launching XRP and micro XRP futures in May.
Some firms are now positioning XRP as a strategic asset. Evernorth, a new treasury company with plans to list on Nasdaq, has committed to holding XRP as a core reserve asset.
