REX–Osprey is preparing to launch the first XRP ETF in the U.S.

REX Shares and Osprey Funds have just submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) for the REX-Osprey XRP ETF (XRPR). If approved, this will be the first ETF in the U.S. that allows investors to gain direct access to $XRP in the stock market.

Special Operating Mechanism

The special feature of XRPR is that it is built under the Investment Company Act of 1940, a legal framework designed to protect investors. According to expert James Seyffart, this approach gives the fund a higher chance of approval compared to traditional funds like #ETFspot . Although XRPR will hold XRP directly, it will do so through a subsidiary in the Cayman Islands and allocate at least 40% of its assets into shares of other XRP-related ETFs. This mechanism has been successfully applied to the Solana Staking ETF previously.

Significance and Market Context

The launch of this ETF shows that besides Bitcoin and Ethereum, other altcoins like XRP are also receiving significant interest from institutions. XRPR could create a new wave of capital from Wall Street, increasing liquidity and potentially boosting the value of XRP. In the context of the SEC continuously delaying the approval of new ETF applications, the unique approach of #REXOsprey could open a new pathway for other digital assets to access the stock market. #anh_ba_cong