The United States has witnessed a significant milestone with the introduction of its first spot XRP ETF, known as XRPR. Launched in September, the REX-Osprey XRP ETF reached an impressive $100 million in assets under management within just a month. The product offers investors a direct investment opportunity based on the price of the XRP coin. As of October 23, 2025, the company announced that the ETF’s managed asset value exceeded $100 million.
XRP ETF Approval Delays Propel XRPR’s Prominence
The U.S. Securities and Exchange Commission’s (SEC) decision to delay rulings on six different spot XRP ETF applications due to a government shutdown has uniquely positioned REX-Osprey’s product as the sole reference point in the market. The rapid growth of the fund indicates a burgeoning interest in XRP among investors.
Meanwhile, the world’s first spot XRP ETF, Brazil-based Hashed Nasdaq XRP (XRPH11), manages assets worth around $52 million. The scale achieved by XRPR in the U.S. market reflects the gradual shift of international investor interest to an institutional level.
REX-Osprey officials attribute the ETF’s success to XRP’s growing acceptance in institutional markets. Despite the uncertainty in the classification of cryptocurrencies by U.S. regulatory bodies, the sustained demand for XRP access has significantly boosted XRPR’s prominence.
Institutional Interest Elevates XRP to a Strategic Asset
Institutional interest in XRP extends beyond ETFs. CME Group, responding to the high demand for XRP futures introduced in May, started offering XRP options as well. The company reported over 567,000 XRP futures contracts traded to date, with a total transaction volume reaching $26.9 billion.
Moreover, Evernorth, a treasury management company with plans to list on Nasdaq, has decided to hold XRP as a reserve asset. This decision highlights XRP’s role not just as a payment token but also as a financial reserve instrument.
