Res-Osprey Spot ETF Launched on September 18 XRP Price Forecast
Source: CoinWorld
Time: 2025-09-14 12:50:17
The Rex-Osprey XRP ETF is the first XRP spot-linked fund in the United States issued under the 1940 Act and will be officially issued on September 18 after a six-day extension by the Securities and Exchange Commission (SEC). Unlike futures products, this ETF provides regulated XRP exposure through traditional brokers, but uses a hybrid structure and is escrowed by third parties rather than holding XRP directly. XRP currently trades at $3.10, facing a downward triangle pattern that could be bullishly broken out given its upward trend with a short-term target of $3.60 to $3.81. With Franklin Templeton and WisdomTree ETF expected to be approved in October, a wider range of institutional investors may adopt the ETF.