REX-Osprey Launches First US Spot XRP ETF September 12

The launch of the REX-Osprey Spot XRP ETF in the United States marks a significant milestone for XRP investors, offering direct exposure to XRP tokens through traditional brokerage accounts and simplifying crypto investing. Despite initial expectations for a September 12 debut, the launch has been delayed to September 18, alongside other REX-Osprey crypto ETFs such as those tied to Dogecoin, Bitcoin, Bonk, and Trump, due to the unique registered investment company (RIC) structure these ETFs employ. This RIC structure allows the funds to hold spot crypto assets while maintaining flexibility to use derivatives and invest in other ETFs, distinguishing them from traditional spot ETFs and impacting tax treatment and regulatory oversight. The SEC has approved these ETFs after a 75-day review without objections, reflecting increased regulatory acceptance and positioning XRP alongside established cryptocurrencies like Bitcoin and Ethereum. However, some XRP holders remain cautious, with whales offloading significant amounts while retail and top traders show mixed sentiment ahead of the debut. Meanwhile, the SEC has delayed the review of another XRP ETF filed by Franklin, indicating ongoing scrutiny and the individualized nature of regulatory approval processes.