As per Coinomedia, Rex-Osprey, a U.S.-based asset management firm, is set to launch the first-ever spot XRP ETF, named $XRPR, this week. This development marks a significant milestone for Ripple's XRP, making it the third-largest cryptocurrency by market cap to receive an ETF product in the United States, following Bitcoin and Ethereum. The $XRPR ETF aims to provide institutional-grade access to XRP, offering direct, spot-market exposure rather than tracking futures contracts. This launch addresses the growing demand for diversified crypto investment products and allows both accredited and retail investors to include XRP in their portfolios without the complexities of crypto exchanges or private wallets. The introduction of this ETF may pave the way for further altcoin ETFs, signaling broader acceptance of alternative digital assets in traditional financial markets.
Rex-Osprey to Launch First U.S. Spot XRP ETF, $XRPR, This Week
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