The first U.S. spot XRP exchange-traded fund (ETF), managed by REX Shares under the Osprey brand, has achieved a significant milestone by surpassing $100 million in assets under management (AUM). This development, announced via REX Shares' official X account, is driven by Evernorth Holdings' treasury initiative and underscores strong investor interest in crypto-linked financial products.
Chris Larsen, co-founder of Ripple, played a pivotal role by transferring 50 million XRP to support the ETF, which aims to establish a $1 billion XRP treasury. The fund has attracted both institutional and retail investors, providing a regulated and accessible way to gain exposure to XRP without holding the cryptocurrency directly.
Analysts are closely monitoring the ETF's performance, with Rob Cunningham from the KUWL Show commenting, "If $17 billion flows into XRP ETFs over 12 months, demand would far outpace float—prices could settle in the $10–$30 range and reach higher if institutional reflexive buying ('FOMO') kicks in." This growth could influence future cryptocurrency ETFs and mirror trends seen with Bitcoin and Ethereum ETFs, potentially reshaping XRP's role in DeFi liquidity and global markets.
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