XRP ETF launching Thursday is not a pure spot product

Bloomberg ETF analyst James Seyffart commented on the Rex-Osprey XRP ETF (XRPR), which is expected to launch this Thursday, explaining that it is not a pure spot ETF. Instead, its structure gains exposure by directly holding spot XRP and other global XRP spot ETFs. Seyffart noted that while the fund's documents mention the potential use of derivatives, this is not its primary method for gaining exposure. He had previously described the Rex-Osprey DOGE ETF, also anticipated to launch on Thursday, as having a different structure from existing BTC and ETH ETFs. Seyffart characterized this approach as a kind of workaround designed to secure faster approval from the U.S. Securities and Exchange Commission (SEC).