XRPR XRP ETF Listed
Here’s a summary of where things stand with XRP ETFs as of now (September 2025). If you want, I can also walk through what this means for potential investors.
✅ What is an XRP ETF
An XRP ETF (exchange-traded fund) is a fund that gives investors exposure to the price of the cryptocurrency XRP through a regulated stock-market-type product, rather than them having to buy and hold XRP directly. Some are spot ETFs (holding XRP itself), others may use derivatives, or mix with overseas ETFs, etc.
🔍 Current Status
Here are the key developments:
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Canada
- The Evolve XRP ETF is already operating in Canada. It provides direct access to XRP, is listed on the Toronto Stock Exchange under tickers XRP and XRP.U.
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U.S.
- On September 18, 2025, REX-Osprey is launching what are described as the first U.S.-listed ETFs “tied to XRP and Dogecoin” under tickers XRPR (for XRP) and DOJE (for DOGE) on the CBOE BZX Exchange.
- These are not purely spot funds; the structure allows for a mix: direct XRP holdings + exposure via foreign spot ETFs, and even potentially derivatives.
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Pending Applications
- There are a number of spot-XRP ETF applications under review by the U.S. SEC, including from firms like Bitwise, Grayscale, 21Shares, CoinShares, etc.
- Expected decision dates are being bumped into October-November 2025 for many of these.
⚠️ Things to be aware of / caveats
- The U.S. ETFs launching aren’t “pure spot” ones in the strict sense — they may use hybrid structures. That can affect tracking, fees, and regulatory risk.
- Fees tend to be higher with crypto-ETFs, especially those that hold the crypto directly or have more complex structures.
- Regulatory risk still exists: even though there’s been legal progress for Ripple/XRP (e.g. certain parts of the lawsuit with the SEC resolved), crypto regulation remains in flux.
- Liquidity, custody, and how “spot” the exposure really is (vs using derivatives or foreign ETFs) will matter when judging these ETFs.
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