The first spot XRP exchange-traded fund (ETF) is set to debut this week, giving U.S. investors regulated access to one of the most widely traded digital assets.
Issued by REX Shares and trading under the ticker XRPR, the product is registered under the Investment Company Act of 1940, a framework typically used for traditional investment funds.
This puts the fund in sharp contrast with spot Bitcoin (BTC) and Ethereum (ETH) ETFs, which operate as commodity trusts under the Securities Act of 1933.
“XRPR will be the first U.S. ETF to deliver investors spot exposure to the third largest cryptocurrency by market cap, XRP.”
The REX-Osprey™ XRP ETF, $XRPR, is coming this week!$XRPR will be the first U.S. ETF to deliver investors spot exposure to the third largest cryptocurrency by market cap, $XRP.
From REX-Osprey™, the team behind $SSK.@OspreyFunds
View Fund Prospectus:… pic.twitter.com/qMdKhfBZ0e
— REX Shares (@REXShares) September 15, 2025
A new wave of crypto ETFs
The debut of the first spot XRP ETF represents a significant step forward, as it highlights growing institutional and retail interest in more diverse digital investments.
Nate Geraci, president of NovaDius Wealth Management, describes the launch as “a good litmus test” for investor interest in new altcoin products, noting that futures-based XRP ETFs have already surpassed $1 billion in assets under management.
First ETF offering spot xrp exposure set to launch this week…
REX-Osprey using clever regulatory end-around via ‘40 Act structure to bring this to market.
Will be another good litmus test for ‘33 Act spot xrp ETF demand.
Futures-based xrp ETFs already nearing $1bil in assets. https://t.co/3wHp2BU4IM
— Nate Geraci (@NateGeraci) September 16, 2025
Considering that several major players have also filed for XRP ETFs, including Bitwise and Franklin Templeton, Geraci’s hopes for a benchmark might very well come true.
At the same time, Bloomberg analyst James Seyffard noted that this isn’t a ‘pure’ spot product, but that it will rather ‘hold spot directly,’ adding that the filing documents are worded in a way that would ‘allow derivatives usage for exposure if needed.’
This isn’t “pure” spot. But it will hold spot directly and other spot XRP ETFs from around the world to get its exposure.
The fund documents also have language that would allow derivatives usage for exposure if needed but that definitely isn’t the primary exposure method
— James Seyffart (@JSeyff) September 15, 2025
As of now, it is clear that XRPR will ‘invest at least 80% of its net assets’ in XRP, the rest being allocated to ‘U.S. Treasuries, other U.S. government obligations, money market funds, cash and cash-like equivalents’, as per the SEC filing.
Featured image via Shutterstock
Source: https://finbold.com/first-spot-xrp-etf-to-debut-this-week-heres-all-you-need-to-know/