OMG! The First US XRP ETF Is Here-But It’s Not What You Think 😲

by

So, here’s the latest drama: REX Shares, those ETF wizards from the US, have just announced they’re about to drop the REX-Osprey XRP ETF (XRPR) this week. Yup, that’s right – the first official “spot exposure” XRP ETF for us lucky American investors. Cue the confetti! 🎉

But hold up, before you start rejoicing, there’s a little catch… because things are never that straightforward in the crypto world, are they?

The “Spot” ETF That’s More Like “Spot-On Confusing” 👀

Plenty of folks raised an eyebrow at this news (or maybe just had their morning coffee spill) since, technically, Bitcoin spot ETFs still haven’t gotten that coveted SEC thumbs up. So why is XRP getting a red carpet? 🤔

Well, the REX-Osprey XRP ETF is no ordinary “hold the coins in my digital wallet” scenario. Nope. It’s more like a 40 Act fund masquerading as an ETF – which basically means it holds not just XRP but a cocktail of cash, derivatives, and US Treasuries. Because who doesn’t love a little variety in their crypto portfolio, am I right? 🍹

Oh, and approval? Not your usual SEC “please wait forever” saga. These guys get a 75-day free pass unless the SEC decides to pull the rug out from under them. Fancy that!

What About Those Other XRP Kids on the Block?

Currently, we’ve got a handful of spot XRP ETFs boasting leveraged exposure – think Teucrium 2x Long Daily XRP ETF and the Volatility Shares Trust XRP ETF (XRPI). The REX-Osprey kid is basically the new “spot-style” rebel trying to make a name for itself.

But don’t get too comfy; the market’s cooking up a few more spot ETFs hoping to crash this party soon. Case in point: Franklin Templeton’s XRP ETF got its launch date pushed by the SEC all the way to November 14. Drama, drama everywhere. 🍿

Read More

2025-09-15 21:25