According to issuer REX Osprey, the REX-Osprey XRP ETF (ticker: XRPR) reached the threshold barely a month after its launch on September 18. The fund gives investors direct exposure to XRP, now the fourth-largest cryptocurrency by market capitalization.

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on at least six other spot XRP ETF applications due to a recent government shutdown. That delay has effectively made XRPR the benchmark for gauging American market appetite for the token.

A Tale of Two Markets

While XRPR continues to attract strong inflows, Brazil’s Hashdex NASDAQ XRP ETF, which launched earlier, holds about 282 million Brazilian reals, roughly $52 million in assets. The contrast shows how quickly U.S. markets have embraced regulated XRP exposure once available.

JUST IN:

Feed: Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

View: Original article

Tags: management

Digital Rights Management