The newly launched Rex-Osprey XRP exchange-traded fund has posted the strongest debut of any US ETF launched in 2025.
On Sept. 18, Bloomberg Intelligence analyst Eric Balchunas noted that the product, buying and selling beneath the ticker XRPR, recorded $37.7 million in pure quantity, making it probably the most actively traded ETF on launch day this yr.
Based on Balchunas, the dimensions of exercise was clear from the opening bell. Inside 90 minutes of launch, the fund had already crossed $24 million in trades, which is 5 occasions the first-hour quantity seen by any crypto futures ETF launched in 2025.
In the meantime, Rex-Osprey’s companion product, a Dogecoin ETF with the ticker DOJE, additionally drew heavy curiosity from the market.
Balchunas acknowledged that the funding car noticed practically $6 million traded in its first hour and a closing tally of $17 million. This locations it among the many high 5 ETF debuts in 2025.
The sturdy early numbers replicate rising investor urge for food for regulated publicity to various digital property.
Balchunas stated:
“[This is a] good signal for the onslaught of 33 Act ETFs coming quickly.”
Not like the spot Bitcoin and Ethereum ETFs that went dwell final yr, Rex-Osprey’s merchandise are structured by Cayman Islands subsidiaries and registered beneath the Funding Firm Act of 1940.
That framework units them other than the 1933 Act funds used for spot BTC and ETH, signaling that issuers are experimenting with totally different regulatory paths to deliver altcoins into the ETF market.
XRP and DOGE costs falter
The heavy ETF volumes didn’t translate into instant value power for the underlying tokens.
XRP slipped 3% over the previous 24 hours to $3.02, extending every week of gradual declines which have saved the asset locked between $3 and $3.15, in keeping with CryptoSlate information.
Dogecoin value adopted an identical sample in the course of the reporting interval.
Based on CryptoSlate’s information, the token pulled again 2% to $0.2735 as of press time after briefly hitting a seven-month high of $0.2879 on the ETF’s debut.
This reversal highlights the distinction between secondary-market enthusiasm for ETFs and direct spot demand for the cash themselves.
