REX Shares’ XRP ETF Surpasses $100 Million as Institutional Interest Grows

Ripple’s XRP continues to strengthen its foothold in traditional finance as the first U.S. exchange-traded fund linked to the token surpasses $100 million in assets under management (AUM). This milestone reflects a growing appetite among institutional investors for regulated digital asset products, marking a clear shift toward compliance-oriented crypto investments.

ETF Performance and Portfolio Composition

On October 24, asset management firm REX Shares announced via X that its REX-Osprey XRP ETF (XRPR) had surpassed $100 million in assets under management as of October 23, 2025, just six weeks after its launch. XRPR is the first U.S.-listed ETF to provide investors with regulated, spot exposure to XRP, aiming to replicate the cryptocurrency’s market performance before fees and expenses.

Data from REX Shares shows the following:

• XRP dominates the ETF, comprising 59.38% of the portfolio, equivalent to approximately $61.6 million across 25,620,301 units.
• CoinShares Physical XRP accounts for 40.35% of the holdings, valued at $41.8 million across 464,080 shares.
• First American Government Obligations Class X represents 0.31% of the portfolio, worth about $321,738.
• The fund maintains a minor negative cash and other balance of $47,143, completing the portfolio composition.

SEC Delays and Positive Outlook for XRP Spot ETFs

While XRPR continues to perform strongly, the approval of spot XRP ETFs remains on hold as the U.S. Securities and Exchange Commission (SEC) is temporarily functioning at reduced capacity due to the ongoing federal government shutdown. This pause has affected all pending ETF applications. Despite the delay, industry experts remain optimistic that approvals will move forward once normal operations resume.

Andrew Jacobson, general counsel at Halliday and former global head of legal at 21Shares, explained to DL News that the pause is only temporary and that a new round of approvals is expected once the SEC resumes normal activity. 

Supporting this sentiment, data from forecasting platform Polymarket indicates a probability above 99% for XRP ETF approval this year, reflecting strong market confidence that regulators will deliver a favorable outcome once the evaluation process continues.

Meanwhile, back in August, Canary Capital’s CEO projected that an approved XRP spot ETF could attract around $5 billion in inflows during its first month. He also suggested that XRP might outperform Ethereum (ETH) within the financial services sector.

XRP Sees Increased Futures Trading and Price Uptick

Beyond ETFs, institutional involvement with XRP continues to grow. A sharp increase in trading activity was reported for CME Group’s XRP and Micro XRP futures, which have recorded more than 567,000 contracts, representing a notional value of $26.9 billion since their launch in May 2025. 

At the same time, XRP’s market price has shown notable upward movement. Over the past week, the token has risen by more than 8%, with an additional 2% increase recorded within the last 24 hours. This recent momentum aligns with the growing excitement surrounding institutional participation and the successful launch of XRPR.