The REX-Osprey XRP ETF has surpassed $100 million in assets

XRP’s institutional momentum continues to build, with the REX-Osprey XRP ETF (XRPR), the first of its kind in the US, surpassing $100 million in assets under ￰0￱ ETF is being credited as a major driver of institutional adoption of XRP. Additionally, CME Group has launched new XRP options, bolstering its derivatives offerings following the successful performance of its XRP futures. REX-Osprey has credited its success to investor interest and regulatory direction The REX-Osprey XRP ETF has now surpassed $100 million in assets under management, marking a significant milestone for the institutional adoption of ￰1￱ Shares highlighted the ETF’s performance on X, noting an increasing interest in regulated exposure to digital ￰2￱ investment manager cited increased investor interest and improved regulatory clarity as among the reasons behind the fund’s ￰3￱ earlier, REX Shares also noted strong demand for XRP exposure due to a more formal and regulated market ￰4￱ the same time, it launched the T-REX 2X Long Galaxy Digital Daily Target ETF, ticker GLXU.

Meanwhile, CME Group has broadened XRP’s institutional offering, introducing options on XRP futures to complement existing ETF-like products. Meanwhile, CME Group has also broadened XRP’s institutional offering, introducing options on XRP futures to commemorate five months of active futures ￰5￱ exchange noted that the product has maintained solid demand since its May rollout, recording over 567,000 trades to ￰6￱ figure translates to $26.9 billion in notional volume, about 9 billion XRP, which CME cited as a sign of sustained institutional optimism toward the ￰7￱ participants now have access to a range of regulated tools, including ETFs, spot, futures, and options, to diversify their ￰8￱ company announced : “Five months for XRP futures!

Since launching in May, we’ve seen incredible demand for this regulated ￰9￱ for more control? Options on XRP futures are officially LIVE! “ XRP is gaining momentum due to increased institutional participation and buying pressure Ripple’s latest acquisition news has further energized the ￰10￱ Brad Garlinghouse confirmed the completion of Ripple’s purchase of Hidden Road, now rebranded as Ripple Prime, pushing XRP above the $2.50 ￰11￱ Deaton, an American attorney and a prominent advocate for cryptocurrency investors, even commented, saying, “ Between late December 2020 and 2023, we witnessed people’s Ripple’s Obituary. Today, those same people admit Ripple has become a major player in the industry.” The price of XRP has increased by 3.49% over the last 24 hours, reaching around $2.56.

Over the past week, the token’s price gained 6.46%. Analysts attribute the momentum to heightened institutional participation and steady buying ￰12￱ from CoinGlass indicates that XRP futures trading volume increased by 8.66% to $5.98 ￰13￱ futures open interest has increased by 5.20% to $3.88 billion, a sign of growing confidence among leveraged traders and continued institutional ￰14￱ the token had tumbled around October 10, now, analysts are hoping the asset will break resistance at $2.80, which could propel the token to $3.05 or even $3.40 in the near ￰15￱ far, indicators suggest a continued recovery, with the RSI at a neutral 52 and the MACD on the verge of a bullish crossover, indicating that upward momentum is ￰16￱ a loss of momentum would likely push XRP below $2.20, especially if the overall market mood turns ￰17￱ institutional demand for regulated XRP products has increased and evolved over the last five months, with futures contracts now offered on the CME ￰18￱ to the exchange claims, the notional trading volume of XRP and micro futures has reached $27 billion since their ￰19￱ Bybit now and claim a $50 bonus in minutes