First Spot XRP ETF Faces Delay, Rex-Osprey’s Launch Pushed to September 18

XRP is gearing up to introduce its first-ever spot exchange-traded fund (ETF) in the United States. The Rex-Osprey Spot XRP ETF, managed by Rex Shares and Osprey Funds, is scheduled to begin trading on September 18, 2025, following a brief delay from its initial launch date of September 12.

The approval from the U.S. Securities and Exchange Commission (SEC) came after a 75-day review period with no objections. Operating under the Investment Company Act of 1940, the same legislation that governs most traditional ETFs and mutual funds, this ETF will hold XRP directly rather than relying on futures-based products. This approach provides investors with a straightforward, regulated means of accessing XRP through their brokerage accounts, eliminating the need for crypto wallets, exchanges, and technical complexities for both individual buyers and institutional investors.

In order to comply with U.S. tax and regulatory requirements, the ETF utilizes a subsidiary structure based in the Cayman Islands known as the REX-Osprey XRP (Cayman) Portfolio S.P. This subsidiary is limited to holding no more than 25% of the total assets of the fund, a structure commonly employed by other crypto-related funds.

The XRP ETF is just one of the many crypto products being launched by Rex-Osprey, with funds linked to Bitcoin, Dogecoin, Bonk, and Trump Token also slated to commence trading in the coming week.

The introduction of a spot XRP ETF marks a significant milestone for XRP holders and the broader market, offering institutions a convenient avenue to invest in XRP and providing retail investors with a regulated product that bypasses the challenges associated with crypto exchanges. Analysts anticipate this development to drive steady inflows, enhance liquidity, and bolster market stability.

The launch of the spot XRP ETF signifies a pivotal moment for XRP, positioning the asset alongside spot Bitcoin ETFs in the investment landscape. With the official launch set for September 18, 2025, both retail and institutional investors will have the opportunity to access XRP through this innovative product. For supporters of XRP, this event represents the catalyst they have long been anticipating.