The first ETF with direct exhibition to XRP officially premieres

By Hannah Pérez

Rex Shares and Osprey Funds, two separate companies, collaborated to broadcast the ETF “XRPR” that directly invests in XRP. They also premiered the first eTf Memecoin of the USA, with exposure to Dogecoin.

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• The United States market welcomes the ETF “XRPR”.
• Direct exposure to XRP from a product regulated on Wall Street.
• There is already an ETF of xRP leveraged, but it is the first with direct investment in XRP.
• Rex Shares and Osprey Funds, their operators, also premiere a Dogecoin ETF.

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Rex Shares and Osprey Funds They have launched the first fund quoted in the stock market (ETF) with direct exposure to the price of XRP, the third largest cryptocurrency for market capitalization.

The ETF, called “Rex-Osprey XRP” and List in the bag CBOE BZX Under the “XRPR” ticket, he began operating this Thursdaymarking a milestone for the token closely linked to Ripple In Wall Street.

While it offers direct exposure to XRP, it is not completely “pure”Untilled, since it can include participations in other ETFs and derivatives, according to its website. It is not the first XRP ETF in the US market. In April, Teucrium Investment Advisors He debuted an XRP leverage ETF that registered a volume of USD transactions $ 5 million on its first day.

The product, registered under the Investment Societies Law of 1940, offers investors a regulated route to invest in XRP, using a legal structure similar to that of the ETF of Solarium with rewards for Staking launched by Rex-Osprey In June.

“Investors see ETFs as access and trade vehicles. Offer exposure to popular digital assets within the US regulatory framework is an achievement that we are proud”, Said Greg King, CEO of FINANCIAL REX and Osprey Funds.

In parallel, Rex Shares and Osprey Funds They also premiered the first ETF with direct exposure to Dogecoinunder the “doje” ticket, marking a milestone to be the first background of this type based on a Memecoin.

Other managers, such as Bitwise, Canary, 21Shares and WISDOMTREEhave submitted requests to launch XRP ETF in cash, as well as others Altcoins as Solarium And Ada, but these still expect the approval of the Bag and Values ​​Commission (SEC) of the USA. Grayscale Digital Large Cap Fundwhich includes XRP, Solana and Dogecoin.

The launch coincides with a 2% increase in the price of XRP, which is negotiated at USD $ 3,11 at the end of this edition, according to data from Coingcko. With a market capitalization of USD $ 185 billion, it is the 3rd largest cryptocurrency in the market.

The news comes shortly after CME Group will announce your plans to introduce options about futures of XRP and Solarium As of October 13, regulatory review, which further expands the options of investors interested in obtaining exposure to digital assets such as XRP through regulated investment products.

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Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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