REX-Osprey XRP ETF (XRPR) Surpasses $100M in Assets Under Management

Based on issuer REX-Osprey, the REX-Osprey XRP ETF (XRPR) surpassed $100 million in belongings beneath administration (AUM) in simply 5 weeks after launch.

The ETF has skilled speedy progress since its inception launch on September 18. It gives traders publicity to the worth of XRP, at present the fourth largest cryptocurrency by market capitalization.

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With approvals stalled, XRPR has emerged as a strategy to gauge market curiosity in XRP within the US. In the meantime, the Hashdex Nasdaq XRP ETF (XRPH11), the world’s first spot

In the meantime, institutional exercise round XRP has continued to speed up. CME Group not too long ago added XRP choices to its providing, following sturdy demand for its XRP futures.

The trade reported that greater than 567,000 futures contracts have been traded, representing a notional quantity of $26.9 billion, for the reason that launch of XRP and micro-XRP futures in Could.

Some corporations at the moment are positioning XRP as a strategic asset. Evernorth, a brand new treasury firm with plans to checklist on the Nasdaq, has dedicated to holding XRP as a core reserve.