XRP Gains Broader Market Access with First U.S. ETF and CME Options Launches

XRP is set to see expanded trading opportunities as new products debut in both securities and derivatives markets. REX Shares and Osprey Funds will launch the first U.S.-listed XRP exchange-traded fund (ETF) on September 18, while CME Group plans to introduce options on XRP futures on October 13, pending regulatory approval.

According to CoinDesk Data, XRP was trading around $3.0263, down nearly 1% in the past 24 hours.

The upcoming ETF launch, alongside a Dogecoin product, will be listed on the Cboe BZX Exchange under the tickers XRPR and DOJE. While these products provide direct exposure to XRP and DOGE, Bloomberg Intelligence analyst James Seyffart noted they are not entirely “pure” spot ETFs. The funds are structured to hold the tokens directly while also investing in other spot ETFs outside the U.S., with filings permitting the use of derivatives if needed—though that is not the primary approach.

The launches mark a milestone for U.S. investors, offering brokerage accounts exposure to XRP and DOGE-focused ETFs for the first time. Previously, ETFs were largely concentrated on Bitcoin and Ethereum.

Less than a month later, CME Group will expand its crypto derivatives offering with options on XRP and Solana (SOL) futures, including both standard and micro contract sizes. The options will feature expiries every business day, monthly, and quarterly, providing greater flexibility for institutions, trading desks, and active traders.

The move follows strong activity in CME’s altcoin futures markets. Since March, SOL futures have traded over 540,000 contracts ($22.3 billion notional), while XRP futures, introduced in May, have seen more than 370,000 contracts ($16.2 billion notional) change hands. Market participants, including Cumberland and FalconX, have welcomed the additions, highlighting the need for diversified hedging tools beyond Bitcoin and Ethereum.

Headquartered in Chicago, CME Group operates the world’s largest regulated derivatives marketplace. The introduction of XRP and SOL options continues the exchange’s expansion from Bitcoin and Ether into a broader set of liquid crypto tokens, offering traders more sophisticated risk management tools.