XRP Gains Wall Street Momentum With ETFs and CME Options Launch

XRP is drawing fresh attention from traditional finance as new investment products emerge across securities and derivatives markets. The token, trading at around $3.02 according to CoinDesk Data, is set to reach U.S. brokerage accounts in new ways, expanding beyond bitcoin and ether offerings.

On Sept. 18, REX Shares and Osprey Funds will list the first U.S.-traded exchange-traded funds (ETFs) tied to XRP and Dogecoin (DOGE) on the Cboe BZX Exchange, under tickers XRPR and DOJE. While not entirely “pure” spot ETFs, the funds will hold XRP and DOGE directly, along with other non-U.S. ETFs. Their filings also allow for potential derivatives exposure, though analysts note this is not the main strategy. The launch marks the first time American investors can access XRP- and DOGE-focused ETFs through traditional brokerage accounts.

Momentum continues in derivatives markets, with CME Group preparing to introduce options on XRP and Solana (SOL) futures starting Oct. 13, pending regulatory approval. Options will be available on both standard and “micro” contracts, offering institutions, trading desks, and retail investors multiple expiry choices—daily, monthly, and quarterly. This addition follows surging demand for altcoin derivatives: since March, SOL futures have seen over 540,000 contracts traded (about $22.3 billion), while XRP futures have logged more than 370,000 contracts (roughly $16.2 billion).

Major market participants, including Cumberland and FalconX, have welcomed these developments, highlighting the growing need for hedging tools beyond bitcoin and ether. CME Group, headquartered in Chicago, already operates the world’s largest regulated derivatives marketplace. Its expansion into XRP and SOL options underscores the increasing institutional appetite for diversified crypto exposure.