Joshua Amaral

[Joshua Amaral @JoshDAmaral]

@FrWulff @Steph_iscrypto Also it’s not the first lol that would be Rex osprey on sept 18th

[Joshua Amaral @JoshDAmaral]

@RippleXrpie First US based XRP Spot ETF launched sept 18th.

[Joshua Amaral @JoshDAmaral]

@slithering999 @RippleXrpie Yes it was, but structured differently for quicker approval and compliance. As a result it’s not a pure XRP spot ETF. You’re right

[Joshua Amaral @JoshDAmaral]

@Buttwiper10000 @RippleXrpie Correct me if I’m wrong. To my understanding it’s a spot ETF corresponding to the 1x performance of the XRP spot price, just structured differently under Investment Company Act of 1940… but still classified as a spot ETF by the SEC.

[Joshua Amaral @JoshDAmaral]

@LionOfKishnar @RippleXrpie Is it not classified as a spot ETF, just under a different frame work?

[Joshua Amaral @JoshDAmaral]

@Steph_iscrypto Wasn’t it more like 20-25%, and wasn’t that after a 10% dip during g the shut down???

[Joshua Amaral @JoshDAmaral]

@25hoursawake Very misleading. Do your homework before investing!

[Joshua Amaral @JoshDAmaral]

@Devils518Paul @RippleXrpie Still a spot ETF, just structured differently for quicker approval. Canary is solely holdingXRP for the ETF, Rex is what could be referred to as a mixed back for compliance and approval. It holds roughly 80% XRP along with cash, U.S. Treasuries, and certain derivatives.

[Joshua Amaral @JoshDAmaral]

@KillaDent @RipBullWinkle Also let’s read that again lol I agreed with you. Facts: the Canary XRP ETF is a pure spot XRP ETF with direct crypto exposure and a simple regulatory approach, while the Rex Osprey XRP ETF incorporates a more complex asset mix under stricter regulatory oversight.

[Joshua Amaral @JoshDAmaral]

@KillaDent @RipBullWinkle XRPR Spot ETF includes
- Majority direct holdings of spot XRP.
- A significant portion invested in XRP-backed ETFs.
- Additional regulatory-compliant assets like cash, derivatives, or Treasuries to meet fund structure requirements.

[Joshua Amaral @JoshDAmaral]

@KillaDent @RipBullWinkle Agreed. It’s a mixed bag of XRP backed products, but still ‘the first XRP Spot ETF.’

[Joshua Amaral @JoshDAmaral]

@BrianBensorut @RippleXrpie Nah it was a spot ETF. The fund uses a hybrid structure under the Investment Company Act of 1940, investing primarily in spot XRP along with some XRP-backed exchange-traded products to comply with regulatory requirements. This makes it the first U.S.-listed spot XRP ETF.

[Joshua Amaral @JoshDAmaral]

@RippleXrpie Again… want that Rex osprey XRPR on sept 18th?

[Cryptoinsightuk @Cryptoinsightuk]

A great vid here by @KuwlShow

I know people get triggered by videos like this.

However, I think the first 4 mins describe what I think @Ripple and $XRP are trying / succeeding to achieve.