XRP’s first US exchange-traded fund (ETF) has crossed a major milestone. It reached greater than $100 million in belongings below administration (AUM) barely a month after launch.
On October 24, REX-Osprey confirmed that its XRPR product surpassed the mark, signaling sturdy institutional urge for food for regulated publicity to the digital asset.
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XRP ETF AUM Surpasses $100 Million
The fund, launched in September, presents direct spot entry to XRP and has shortly attracted buyers in search of compliant avenues to diversify their portfolios.
Its progress highlights not simply speculative enthusiasm but in addition a extra profound structural shift, which exhibits that digital belongings have gotten built-in into the core equipment of worldwide finance.
In the meantime, this milestone arrives at a fragile regulatory second.
The US Securities and Alternate Fee (SEC) has but to rule on a number of pending spot XRP ETF functions.
Not less than six filings lately reached their overview deadlines with out updates, largely as a result of company’s decreased operations because the October 1 federal authorities shutdown.
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This delay has successfully frozen progress on ETF approvals, leaving market contributors to gauge institutional sentiment by way of current merchandise like XRPR.
Institutional Curiosity in XRP Rises
Nevertheless, even with regulatory inertia, institutional exercise round XRP continues to broaden.
CME Group, the world’s largest derivatives market, lately launched XRP choices after a powerful uptake of its XRP futures contracts.
The trade reported over 567,000 futures contracts traded so far. That is equal to roughly $26.9 billion in notional quantity or about 9 billion XRP tokens.
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CME stated shopper demand for the brand new choices product grew organically as merchants sought to hedge volatility and broaden publicity.
Curiously, that momentum extends past the derivatives market, with distinguished crypto merchants and establishments accumulating XRP.
Outstanding crypto dealer James Wynn lately disclosed plans to allocate a “significant portion” of his portfolio to XRP. He stated the token has the potential to modernize international banking infrastructure.
“I believe it could revolutionize the banking systems. It’s a gamble, as all investments are,” he wrote.
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Evernorth, a brand new treasury agency branded the “MicroStrategy of XRP,” has pledged to carry the token as a core balance-sheet asset. Its shares are anticipated to commerce on Nasdaq, a transfer that underscores the tightening hyperlink between digital liquidity and conventional markets.
In the meantime, different corporations, together with VivoPower Worldwide, Trident Digital Tech Holdings, and Webus, have additionally quietly collected XRP.
On the similar time, Ripple continues to construct aggressively across the token.
Ripple CEO Brad Garlinghouse highlighted the agency’s ongoing acquisition technique, which incorporates GTreasury, Rail, Normal Custody, and Metaco. He acknowledged that these efforts are designed to broaden Ripple’s cross-border settlement and liquidity community.
“As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP sits at the center of everything Ripple does,” Garlinghouse stated.
Collectively, these developments mark XRP’s transformation from a speculative commerce to a maturing institutional asset that bridges conventional finance with blockchain-driven liquidity networks.
