XRP is drawing fresh attention from traditional finance as new products roll out in both securities and derivatives markets, broadening access points for exposure to the token.
At the time of writing, according to CoinDesk Data, XRP was trading around $3.0263, down nearly 1% over the past 24 hours.
On Sept. 18, REX Shares and Osprey Funds will debut the first U.S.-listed exchange-traded funds (ETFs) tied to XRP and Dogecoin (DOGE) on the Cboe BZX Exchange, under the tickers XRPR and DOJE. These products are not entirely “pure” spot funds, however.
Bloomberg Intelligence analyst James Seyffart wrote on X that the funds aren’t “pure” spot products. Instead, they are structured to hold XRP and DOGE directly, while also investing in other spot ETFs from outside the U.S. to achieve exposure.