NEW YORK / LONDON (IT BOLTWISE) – The first U.S. XRP ETF has surpassed $100 million, underscoring strong institutional interest in regulated digital assets. This development comes amid regulatory uncertainty as the US Securities and Exchange Commission (SEC) has delayed its decisions on several XRP ETF applications.
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The first U.S. XRP ETF recently surpassed an impressive $100 million in assets under management. This achievement, achieved just a month after the fund’s launch, highlights the strong institutional interest in regulated digital asset investment opportunities. The XRPR fund launched by REX-Osprey offers direct access to XRP and has quickly attracted investors looking for compliant ways to diversify their portfolios.
This development comes at a time when the US Securities and Exchange Commission (SEC) has yet to make any decisions on several pending XRP ETF applications. At least six applications recently reached their review deadlines without any updates, largely due to the agency’s limited operations since the government shutdown on Oct. 1. This delay has effectively frozen progress on ETF approvals, leaving market participants to gauge institutional interest through existing products such as the XRPR fund.
Despite the regulatory inertia, institutional activity around XRP continues to grow. CME Group, the world’s largest derivatives market, recently launched XRP options following high demand for its XRP futures contracts. The exchange reported more than 567,000 futures contracts traded, representing a nominal volume of about $26.9 billion, or about 9 billion XRP tokens. This demand shows that traders are looking for ways to hedge volatility and expand their exposure.
Interestingly, this momentum extends beyond the derivatives market as prominent crypto traders and institutions accumulate XRP. Well-known crypto trader James Wynn recently revealed plans to invest a significant portion of his portfolio in XRP as he sees the token’s potential to modernize global banking infrastructure. At the same time, Ripple is aggressively building around the token by making strategic acquisitions to expand its cross-border settlement and liquidity network.
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