REX Osprey XRP ETF (XRPR), the first U.S. spot XRP exchange-traded fund, marked its first anniversary on September 18, 2026, after losing roughly 60% since launching at $25.73. XRP itself declined from about $3.08 on September 18, 2025, to approximately $1.33 by press time, a 59% drop. XRPR held about $46.2 million in net assets despite falling to $10.57. The broader U.S. spot XRP ETF market has been stronger, accumulating roughly $1.71 billion in historical net inflows and holding about $1.39 billion in net assets, equivalent to approximately 1.7% of XRP's market value, according to SoSoValue data accessed at press time. The latest session recorded about $5.15 million in net outflows, but weekly inflows have remained positive since July 10. March was the only negative month since November 2025, while XRP is up 30% on the monthly chart. The performance suggests ETF demand has persisted but has not offset macroeconomic pressures, regulatory uncertainty and speculative selling affecting the broader industry.