BREAKING: First XRP ETF to List on Exchange This Week – But Pay Attention to These Details

A historic step is being taken in the cryptocurrency ￰0￱ Shares is launching the REX-Osprey XRP ETF (XRPR) this week, developed in collaboration with ￰1￱ new product will offer investors the opportunity to directly invest in spot XRP in the US for the first ￰2￱ is the world's third-largest crypto asset by market capitalization, behind Bitcoin and ￰3￱ XRPR fund aims to directly mirror XRP's performance and will provide investors with direct access to the ￰4￱ fund's investment objective was announced as tracking XRP price movements “exclusive of fees and expenses.” The REX-Osprey team had previously attracted attention with its SSK ￰5￱ News: Watch Out: 29 Altcoins Have Massive Token Unlocks Coming Up Next Week - Here's the Day-by-Day, Hour-by-Hour List The fund's annual expenses include a management fee, distribution and service fees (12b-1), and other expenses are ￰6￱ expenses will be largely covered by REX Advisers, ￰7￱ fund will operate through a subsidiary, REX-Osprey XRP (Cayman) Portfolio SP, incorporated in the Cayman ￰8￱ companies are currently racing to launch spot XRP ￰9￱ Balchunas previously said the funds could be approved within two to four ￰10￱ the REX-Osprey approach circumvents this approval process with a clever legal solution; unlike most ETFs, the funds choose to be taxable C-corporations.

Therefore, distributions to owners will be taxed within the fund before being distributed to owners as dividends. *This is not investment ￰11￱ Reading: BREAKING: First XRP ETF to List on Exchange This Week – But Pay Attention to These Details