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Gate Square New & Returning Creator Rewards are ongoing!
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The XRP ETF fund reached a milestone of 100,000,000 in assets under management in just five weeks.
The REX-Osprey XRP ETF ( code: XRPR) has surpassed the milestone of 100 million USD in assets under management just after seven weeks of launch, marking an important milestone for XRP-based investment products in America. As the first fund to offer direct ownership of XRP, XRPR complies with the ’40 Act framework, holding at least 80% of its assets in actual XRP, with the remainder in U.S. Treasury bonds, cash, and limited derivatives to comply with regulations.
The fund started trading at 25.82 USD and is currently hovering around 20.65 USD, reflecting the price volatility of XRP. The rapid growth occurs against the backdrop of the SEC delaying six other XRP ETF filings due to the government shutdown. Meanwhile, CME Group's XRP futures contracts have reached a trading volume of 26.9 billion USD in five months, equivalent to about 9 billion XRP.