Game Changer ⚡ – REX Shares to Launch First US Spot XRP ETF 🚀

REX Osprey will launch the first US spot XRP ETF, XRPR, this week.
Bloomberg analysts observed that the ETF is not a "pure spot" product and might launch Thursday.
On Thursday, REX Shares will launch a Dogecoin ETF.
REX Shares plans to establish the first US spot XRP exchange-traded fund (ETF).
REX Shares will introduce the first US spot XRP ETF.
In an X post on Monday, REX Shares and Osprey Funds announced the first-ever US XRP ETF later this week.
The REX-Osprey XRP ETF, ticker XRPR, invests in swaps and derivatives to get exposure to XRP.
"The Fund, under normal market conditions, invests at least 80% of its net assets in the Reference Asset and other assets that provide exposure to the Reference Asset," Rex Shares wrote in a January SEC filing.
The product is registered under the Investment Company Act of 1940, distinguishing it from other spot XRP ETF concepts that have yet to be approved by the SEC.
The business noted that XRPR would invest in Bitcoin and Ethereum ETFs in addition to the reference asset and associated crypto ETFs.
This feature eliminates the product's "pure spot" designation but exposes it to XRP, according to Bloomberg analyst James Seyffart.
REX Shares did not give a debut date for the product, although Bloomberg analyst Eric Balchunas says it may launch Thursday with a DOGE ETF.
Rex Shares and Osprey have launched spot crypto products ahead of US issuers before.
On July 2, the business launched the REX-Osprey Solana Staking ETF (SSK), the first US-listed fund to provide direct Solana exposure and staking incentives.
At press time, XRP is down 2% in 24 hours at $3.