Summary
- The United States' first XRP spot ETF, 'Rex Osprey XRPR', has surpassed $100 million in assets under management.
- This ETF constructs a portfolio with XRP and related products to provide investors with an opportunity to invest in spot XRP assets.
- Rex Shares said it invests at least 80% of the fund's assets in XRP and related products.
Interest from traditional finance in XRP appears to be continuing. The United States' first spot XRP exchange-traded fund (ETF), 'Rex Osprey XRP exchange-traded fund (XRPR)', has surpassed $100 million in assets under management.
On the 26th (Korean time), Rex Shares said via X (formerly Twitter) that XRPR recorded assets under management of $100,891,000 one month after its launch.
XRPR is the first ETF in the United States to offer investors exposure to spot XRP assets. However, the ETF does not hold XRP as a single asset and is managed as a portfolio composed of XRP and related products. Rex Shares stated, "The fund will invest at least 80% of its assets in XRP and XRP-related products."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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