First U.S. Spot XRP ETF Surpasses $100M in Assets Under Management

The first U.S.-listed exchange-traded fund (ETF) offering spot exposure to XRP has surpassed $100 million in assets under management (AUM) just one month after its launch, according to issuer REX-Osprey.

The ETF, named the REX-Osprey XRP ETF (ticker: XRPR), has experienced rapid growth since its September debut. It provides investors with direct exposure to XRP, currently the fourth-largest cryptocurrency by market capitalization.

While the U.S. Securities and Exchange Commission (SEC) has delayed rulings on at least six other spot XRP ETF applications—partly due to a slowdown triggered by the federal government shutdown—XRPR has emerged as a de facto benchmark for gauging market interest in XRP within the United States.

Globally, the Hashed Nasdaq XRP ETF (ticker: XRPH11), recognized as the world’s first spot XRP ETF, has accumulated 282 million Brazilian reais (approximately $52 million) in total assets.

Institutional activity around XRP continues to accelerate. CME Group recently added XRP options to its product lineup, following strong demand for XRP futures. Since launching XRP and micro XRP futures in May, CME reported trading over 567,000 futures contracts, representing $26.9 billion in notional volume.

These developments highlight growing investor interest and institutional engagement with XRP across multiple markets.
https://www.coindesk.com/markets/2025/10/25/first-u-s-spot-xrp-etf-surpasses-usd100m-in-assets-under-management

Claude’s technical usage in India higher than rest of world

**Claude’s Technical Usage in India Significantly Higher Than Global Average**

By Dwaipayan Roy | Oct 11, 2025 | 05:29 pm

Guillaume Princen, Global Head of Start-ups and Head of Europe, Middle East, and Africa (EMEA) at Anthropic, has revealed that half of the usage of their AI tool, Claude, in India is for technical purposes. These tasks include user interface (UI) design, code debugging, and software development. This percentage is notably higher compared to the global average, where only 30% of Claude’s usage involves such technical applications.

**India: Anthropic’s Second Largest Market**

India, home to the world’s fourth-largest developer community, stands as Anthropic’s second largest market after the United States. Princen highlighted that approximately 33% of all Claude conversations globally occur in India, underscoring the scale and reach of their services within the country.

**Plans for Expansion in Bengaluru**

To strengthen its presence in India, Anthropic plans to open an office in Bengaluru by the first quarter of 2026. The new office aims to expedite the launch of key offerings tailored to one of Anthropic’s largest markets.

Princen said, “You’ll see more of us because we really want to have a local presence.” He added that the company intends to be closer to its users and will be building teams focused on community support across the board.

This expansion reflects Anthropic’s commitment to growing its footprint in India’s vibrant tech ecosystem and enhancing user engagement with Claude’s AI capabilities.
https://www.newsbytesapp.com/news/science/half-of-claude-s-usage-in-india-is-technical-anthropic/story

Exit mobile version