The REX Shares Osprey XRP ETF, the first U.S. spot XRP ETF, surpassed $100 million in assets under management one month post-launch, highlighting strong institutional demand.
This milestone underscores growing institutional interest in XRP, reflecting broader acceptance of digital assets.
REX Shares Osprey XRP ETF Hits $100M Milestone
The REX Shares Osprey XRP ETF (XRPR) has reached a significant milestone, surpassing $100 million in assets under management. This achievement occurred just one month after its launch, reflecting the keen interest from investors.
Managed by REX Shares and Osprey Funds, the ETF’s launch marks a new chapter for XRP in the financial market. The rapid growth in AUM signifies a strong demand for institutional investment in XRP.
XRP Volatility Soars Amid ETF Success
The ETF’s success has led to increased volatility in XRP markets. Spot price fluctuations and trading volume spikes are noted, attributed to both institutional and retail investor activities.
CME Group reported a 225% increase in XRP futures options activity, indicating heightened institutional trading and interest. Such developments could shape future regulatory assessments and technological enhancements for digital asset markets. In the CME Group Report, it stated:
“XRP futures options activity surged, averaging 340,000 contracts/day in Q3, reflecting a 225% YoY increase, indicating significant institutional trading interest.”
XRP ETF: A New Precedent Following Bitcoin and Ethereum
Comparisons are drawn with prior U.S. crypto ETF launches, such as Bitcoin and Ethereum ETFs, which also prompted institutional inflows and market volatility. This milestone is a precedent for an XRP-centric financial product.
Experts from Kanalcoin suggest the achievement might influence future regulatory frameworks for crypto assets. The data highlights increased derivatives activity and open interest, suggesting potential growth and institutional confidence. Joe Consorti’s analysis on the impact of these developments can be found here:
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