The first U.S. exchange-traded fund (ETF) tied to XRP will make its market debut on Sept. 18, marking a historic moment for the altcoin and expanding Wall Street’s exposure beyond Bitcoin and Ethereum.
For the uninitated, U.S. spot Bitcoin and Ethereum ETFs were approved earlier in 2024, with the SEC greenlighting spot Bitcoin ETFs on January 10, 2024, followed by spot Ethereum ETFs on May 23, 2024. Since then, spot Bitcoin ETFs alone have attracted more than $57 billion in net inflows, led by BlackRock and Fidelity. Gross inflows have crossed $60 billion, as per data from Farside Investors.
Circling back to XRP ETF, it is launched by REX Shares and Osprey Funds under the ticker XRPR, and is structured to hold XRP directly while also allocating a portion of its assets to other XRP-linked products.
Related: How to buy REX-Osprey DOJE (Dogecoin, XRP, Trump, Bonk ETF) shares
This also comes as the SEC approves the listing and trading of Grayscale Digital Large Cap Fund covering BTC, ETH, XRP, SOL and ADA.
Launched in 2010, RexShares is a U.S.-based ETF sponsor known for creating niche exchange-traded products. Currently, RexShares offers:
Most of the products listed on RexShares’ website are ETPs, with exception of a Solana staking ETF.
Related: Legendary trader warns XRP could crash to a dollar
Fidelity may or may not list XRPR on day one. If you want to try, log in, search XRPR, and see if the system allows orders. If it’s restricted, you’ll get a “not supported” message.
For novice investors, the XRP ETF eliminates the need for investors to manage self-custody, wallets, or exposure to unregulated exchanges. It wraps XRP exposure into a security tradable on traditional brokerage platforms.
In October, derivatives giant CME Group is expected to introduce options on XRP futures, giving traders additional tools to hedge and speculate.
