REX Shares and Osprey Funds are set to launch the first U.S.-listed exchange product offering regulated spot exposure to XRP under the ticker XRPR this week, marking a notable milestone for altcoin ETFs.
Key Takeaways:
- REX-Osprey’s XRPR is scheduled to begin trading this week after a short delay, and will trade under the ticker XRPR.
- XRP was trading around $3.00, down roughly ~2% over 24 hours, with technical indicators showing a mildly bearish momentum.
- The fund is structured under the Investment Company Act of 1940, a regulatory approach that issuers say provides added investor protections versus prior ETF attempts under other frameworks.
REX Shares and Osprey Funds announced plans to list the REX-Osprey Spot XRP ETF (ticker XRPR) this week, making it the first U.S. product to give investors regulated spot exposure to Ripple’s native token under the 1940 Act structure. The launch follows a brief schedule adjustment from an earlier planned date; several outlets report trading will commence this week (reports point to September 18 as a likely start date). Market participants are treating the debut as another step in the slow acceptance of altcoin-focused exchange products in the regulated U.S. market.
XRP Holds Support as ETF Buzz Swings Sentiment
As of this writing (9:15AM UTC), XRP is trading at approximately $3.03, recovering from its dip yesterday with a roughly 1.8% gain over the past 24 hours. The token reached intraday highs near $3.04 and lows around $2.97.
Meanwhile, technical indicators according to Investing.com show a mixed but leaning-bullish tone. The 14-period RSI stands near 57.5, signaling moderate strength but not yet overbought. Moving averages are mostly supportive over short-to-medium terms: XRP is above its 5-, 10-, 20-day averages, while longer averages like the 100-day line hover nearby.
The market seems to be digesting the XRPR launch news: modest gains, cautious optimism, and technical structure tightening as traders await catalysts.
Analysts Weigh In on Altcoin ETF Milestone
Coverage so far has been descriptive rather than deeply prognosticative. Industry commentaries note the product’s novelty lies as much in its legal structure as its underlying asset. Market strategists will be watching stated fund mechanics, custody arrangements, and initial liquidity on the ETF’s first days; these operational details typically shape short-term price impact more than the launch headline alone.
What’s Next
The XRPR debut this week is a watershed moment for altcoin investment products in the U.S. Short term, expect elevated attention to XRP order books, spreads and volume as the ETF begins trading, where any move above a 10% intraday swing on heavy ETF-driven flows would be considered a material market event and warrant follow-up coverage. Over the medium term, the key questions are whether XRPR attracts sustained inflows and whether similar 1940 Act structures become the preferred path for future spot ETF applications. If inflows are meaningful, XRP could see more durable change in market structure and institutional participation.
Summary
REX Shares and Osprey Funds will launch XRPR, the first U.S. spot XRP ETF, this week under the Investment Company Act of 1940. The product provides regulated exposure to Ripple’s native token and marks a milestone for altcoin ETFs in the U.S. XRP traded near $3.03 with technical indicators showing moderate strength (RSI ~57.5). Analysts note the ETF’s novelty lies in its regulatory framework as much as the asset itself, with early attention on custody, liquidity, and inflows. The debut is seen as a step toward broader institutional participation in altcoins.
