#ETFXRP

Two investment firms, REX Shares, along with Osprey Funds, have announced the launch of an XRP-based Exchange Traded Fund (ETF), which will be the first XRP ETF in the United States.

REX Shares states, "XRP will be the first ETF in the United States to provide investors with direct exposure to the third-largest cryptocurrency by market capitalization, XRP.

This ETF is even more interesting because it differs from other asset managers' previous XRP ETF proposals, as it is registered under the Investment Company Act of 1940, a US federal law that regulates pooled investment funds.

With this breakthrough and step, it is expected that the price of XRP will become increasingly bullish in the market.