REX-Osprey Spot XRP ETF Goes Live Sept 12 in Landmark US Debut

The U.S. market is about to welcome a new chapter in crypto investing. On September 12, the REX-Osprey Spot XRP ETF will officially start trading. It will be the first spot XRP exchange-traded fund available in the country. The Securities and Exchange Commission (SEC) cleared the product. After finishing its 75-day review without raising objections. This decision places XRP alongside Bitcoin and Ethereum. Which already have spot ETFs in the U.S. For many, the approval signals that regulators and investors now see XRP as a more established digital asset.

How the ETF Works

This ETF is built on real XRP tokens held in custody, not on futures contracts. That means investors are directly linked to the price of XRP rather than betting on derivatives. The product also makes investing in XRP much simpler. Buyers no longer need to set up wallets, manage keys, or trade on crypto exchanges. They can purchase shares of the ETF through traditional stock platforms. Just like any other fund. Supporters believe the launch could increase confidence in XRP. Institutional investors such as pension funds and asset managers may now find it easier to enter the market. Retail investors, meanwhile, get the same exposure through the brokerage accounts they already use.

SEC Extends Franklin XRP ETF Review

While REX-Osprey moves forward, another XRP fund must wait. The SEC has extended its review of the Franklin XRP ETF. First filed by Cboe BZX Exchange in March. The original deadline was September 15. It has now been pushed back to November 14. The agency explained that it needs more time to study the proposal. They are considered potential market impacts. This delay shows how the SEC handles each application individually. Approval is not guaranteed, and Franklin must wait for the final call.

Industry Impact and Investor Sentiment

The debut of this ETF is more than just another listing. For XRP, it marks the end of years of uncertainty. The SEC’s legal battle with Ripple once cast doubt over XRP’s future. But after favorable court decisions, the path was cleared for more mainstream adoption. Now, with an ETF in place, XRP is entering a new phase. Analysts expect institutional demand to rise, since many firms avoided XRP in the past due to compliance concerns. Retail investors also benefit from safer access. Some experts say the ETF could bring steadier inflows and reduce long term volatility. Others caution that price swings are still likely in the short term. With that, XRP has secured a stronger position in the crypto landscape.

Looking Ahead

The REX-Osprey Spot XRP ETF shows how far the industry has come. Only a few years ago, the idea of spot crypto ETFs seemed out of reach. Today, Bitcoin , Ethereum, and now XRP all have direct exposure products trading on U.S. markets. Franklin’s proposal remains under review. Other issuers may soon step in with their own filings. Competition could drive more innovation and offer investors even more choices. For XRP, September 12 will mark a defining moment. The token that once faced heavy scrutiny will now trade through a regulated, widely accessible investment vehicle. It’s another step in crypto gradual move from the sidelines into the mainstream financial system.