- The first U.S. spot ETF for XRP was scheduled to begin trading, but launch has been postponed.
- Rumors and misinformation about the ETF’s availability are circulating on social media.
- XRP has outperformed other major cryptocurrencies over the past week, rising 7%.
- Regulatory delays by the SEC have pushed the ETF’s first trading day to at least next week.
- The Rex-Osprey ETF uses a registered investment company (RIC) structure, which differs from standard spot crypto ETFs.
The debut of the first spot XRP exchange-traded fund (ETF) in the United States, originally set for this week, has been delayed. The ETF, managed by REX Shares and Osprey Funds, was expected to begin trading but will now await regulatory approval until at least next week.
Unverified claims about the official launch of the Rex-Osprey spot ETF have spread quickly across Ripple and XRP-focused social media channels. At the same time, XRP has surged 7% in the last seven days, outperforming Bitcoin at 3% and ether at 5%, amid investor anticipation of the ETF’s introduction.
Although the media reported that the ETF would launch after the 75th day of the SEC review period, regulatory delays have affected the schedule. A Bloomberg ETF analyst noted that Thursday could be the earliest realistic start date, though more delays could occur.
As of now, neither Osprey Funds nor REX Shares have announced a ticker symbol for the spot XRP ETF—a departure from their usual practice for approved products. Other asset managers like Grayscale, 21Shares, Bitwise, WisdomTree, Franklin Templeton, and CoinShares are awaiting SEC decisions on their XRP ETF filings, with deadlines coming in October.
The Rex-Osprey ETF application uses a registered investment company (RIC) structure. Unlike traditional spot ETFs, which are limited to holding only the underlying asset (in this case, XRP), RICs can hold derivatives and shares of other ETFs when market conditions warrant.
In another recent development, on April 8, 2025, Teucrium launched a 2X leveraged XRP ETF (XXRP), which, while not a spot ETF, was the first U.S. fund tied specifically to XRP price movements.
No official trading date has been confirmed, and further updates from regulatory authorities and fund managers are awaited.
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