First XRP ETF Tops $100 Million Amid SEC Delay on New Approvals
The first US XRP ETF surpassed $100 million in AUM shortly after launch, despite SEC delays on new spot ETF applications.Summary
The REX-Osprey XRP ETF (XRPR) achieved over $100 million in assets under management (AUM) less than a month after its September launch, indicating strong institutional demand for regulated exposure to XRP.
This milestone occurs while the SEC has delayed rulings on several pending spot XRP ETF applications, partly due to a federal government shutdown. Despite regulatory inertia, institutional interest in XRP is growing, evidenced by CME Group launching XRP options following high trading volumes in its XRP futures contracts, which reached nearly $26.9 billion in notional volume.
Furthermore, prominent entities are accumulating XRP; trader James Wynn plans a significant allocation, and Evernorth, a new treasury firm, intends to hold XRP as a core balance-sheet asset. Ripple CEO Brad Garlinghouse also emphasized that XRP remains central to the company's strategy, which involves acquisitions aimed at expanding its cross-border settlement network.
(Source：BeInCrypto)