The REX-Osprey XRP ETF is an exchange-traded fund designed to provide investors with regulated access to the price movements of XRP, one of the world's largest cryptocurrencies. As the first U.S.-listed ETF offering spot exposure to XRP, the fund aims to track, before fees and expenses, the performance of XRP by investing at least 80% of its net assets in XRP itself or in financial instruments that provide exposure to XRP. Unlike direct cryptocurrency ownership, the ETF structure allows investors to gain XRP price exposure through traditional brokerage accounts, combining the convenience and regulatory protections of the U.S. '40 Act ETF framework with the growth potential of digital assets. REX-Osprey XRP ETF utilizes the CME CF XRP-Dollar Reference Rate as its benchmark, ensuring a transparent and manipulation-resistant measure of XRP's market price. The underlying asset, XRP, is the native digital currency of the XRP Ledger—a decentralized blockchain ecosystem known for enabling high-speed, low-cost cross-border transactions. The ETF is managed through a partnership between REX Shares and Osprey Funds, leveraging their combined expertise in both innovative financial products and digital asset management. This fund represents a notable development in bridging blockchain technology with mainstream financial markets, offering institutions and individuals a secure and compliant avenue to participate in the evolving landscape of digital payments and tokenized finance.
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