The financial instrument will offer investors spot exposure to the cryptocurrency issued by
The proposal that would be approved was the one made by the firms REX-Osprey.
Bets on Polymarket give a 96% chance of approval.
The firms REX Shares and Osprey Funds announced on their X account that this week the first spot ETF based on XRP, the cryptocurrency from Ripple, will be issued.
The product, which complies with the 1940 Act, combines real XRP values with cash, Treasury bonds, and some derivatives, as explained by journalist Eleanor Terrett. This design distinguishes it from traditional spot ETFs due to its greater regulation.
