The USA’ first spot XRP exchange-traded fund (ETF) has been reside for just below two weeks, displaying modest weak point since its debut.
Particularly, the REX-Osprey XRP ETF (XRPR) launched on September 18 at $25.83. By press time, it was buying and selling at $24.15, a decline of about 6.5% since launch.
This pullback mirrors a typical development seen with newly listed crypto ETFs, the place early liquidity, market-making exercise, and preliminary buying and selling flows typically create short-term volatility.
Notably, the REX-Osprey XRP ETF obtained expedited approval because of its distinctive regulatory construction. In contrast to conventional spot crypto ETFs, which might take as much as 240 days for SEC evaluation beneath the Securities Act of 1933, REX-Osprey was structured beneath the Funding Firm Act of 1940, shortening the evaluation to round 75 days.
The SEC’s current adoption of generic itemizing requirements for commodity-based ETFs on main exchanges like Nasdaq, Cboe BZX, and NYSE Arca additional streamlined approvals, eliminating the necessity for particular person functions beneath Part 19(b) of the Securities Trade Act of 1934.
Regardless of the sluggish begin, XRPR’s itemizing marks a milestone for U.S. markets, providing mainstream entry to XRP by means of conventional brokerage accounts.
Earlier than the U.S. launch, each Brazil and Canada had already launched spot XRP ETFs in 2025. Brazil’s Hashdex Nasdaq XRP Fund started buying and selling in April on the B3 trade, changing into the world’s first regulated spot XRP ETF.
In June, Canadian issuers equivalent to Goal Investments and Evolve adopted go well with with launches on the Toronto Inventory Trade, giving buyers earlier publicity by means of regulated merchandise.
Pending U.S. spot XRP ETFs
The REX-Osprey fund just isn’t the one XRP ETF within the works. A number of main asset managers have pending functions with the Securities Trade Fee (SEC), with choices anticipated within the coming weeks.
Broader approvals may considerably develop institutional entry to XRP, echoing the impact seen when spot Bitcoin and Ethereum ETFs gained regulatory clearance.
If extra U.S. spot XRP ETFs are permitted, alongside potential derivatives equivalent to futures and choices on CME, analysts count on stronger inflows that would help long-term value progress.
Nonetheless, short-term efficiency could stay unstable, as proven by XRPR’s preliminary 6.5% decline.
At press time, XRP was buying and selling at $2.93, up about 3.5% over the previous 24 hours, although down 0.68% on the week.
