An XRP ETF or Exchange-Traded Fund is a financial product that lets investors gain exposure to XRP through a stock exchange, rather than buying the cryptocurrency directly. It trades like a share in the stock market through a brokerage account and is easily accessible to both institutional and retail investors. The ETF tracks the price of Ripple’s XRP token. When the price of the token increases, the value of the ETF also increases.
Many XRP ETFs were listed this year. However, many are still waiting to get approval from the US Securities and Exchange Commission (SEC). Due to the recent U.S. government shutdown, all federal services are now out of order. The agency is working with a handful of staff, and this is a major reason why these ETF applications are pending approval. Almost 90 filings are pending due to this shutdown.
Live XRP ETFs
- Teucrium 2x Long Daily XRP ETF: It went live in October under the ticker XXRP, ignoring the government shutdown. Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily price performance of XRP for a single day, not for any other period.
- Volatility Shares XRP ETF: It was listed on May 22, 2025. It is the first non-leveraged XRP futures ETF in the US. It is trading under the ticker XRPI on NASDAQ. An actively managed fund, offering participation in XRP using near-term futures and XRP-linked instruments. The fund does not directly invest in XRP.
- Volatility Shares 2X XRP ETF: Listed in July 2025 with an XRPT ticker on NASDAQ. It is an actively managed fund, offering 2x the daily price participation in XRP using near-term futures and XRP-linked instruments.
- ProShares Ultra XRP ETF: The ETF launched in July 2025 under the ticker UXRP. It is a leveraged ETF listed on NYSE Arca, designed to deliver two times (2x) the daily performance of the Bloomberg XRP index through exposure to XRP future contracts.
- REX-OSPREY: Officially launched on September 18, 2025, under the ticker XRPR seeks investment results before fees and expenses that correspond to the performance of XRP.
- Tuttle Capital 2X Long XRP Daily Target ETF: The ETF, launched on October 10, 2025, aims to provide 200% of the daily performance of XRP. It is designed for short-term traders and is riskier than most ETFs because it uses leverage, meaning it can maximize gains or losses.
XRP ETFs Pending Approval
| Issuer | Application filed on | Deadline for SEC decision |
|---|---|---|
| Grayscale Investments (XRP Trust → ETF) | November 21, 2024. | October 18, 2025. |
| 21Shares AG Core XRP Trust ETF | November 21, 2024. | October 19, 2025. |
| CoinShares Ltd XRP ETF | January 24, 2025. | October 23, 2025. |
| Canary Capital XRP ETF | October 8, 2024. | October 23, 2025. |
| Bitwise Asset Management XRP ETF | December 2, 2024. | October 20, 2025. |
Conclusion
Multiple XRP and ETF applications are pending approval this month. The primary reason for the delay of these ETF proposals is due to the U.S. Government being shut down, which has forced the SEC to operate with limited staff, which is stalling the ETF filings of approximately 90 ETFs, including firms like Grayscale and WisdomTree. Currently, six XRP ETFs are functioning, and they offer futures or leveraged exposure.
FAQs
SEC decisions on several spot XRP ETF applications are expected by the second week of November.
There is a solid chance that this combination of bullish tailwinds will continue through December and into 2026.
An analyst named Xena declared that the XRP price will definitely reach 10,000.
Ripple Labs is the current largest owner of XRP.
Spot XRP ETFs that directly purchase the coin are good for the token; however, XRP futures exchange-traded funds (ETFs) don’t actually help the token’s price, as these products don’t purchase the real XRP tokens.