Rex-Osprey hybrid spot XRP ETF makes 2025 record-breaking debut
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 below the ticker XRPR, recorded $37.7 million in pure quantity, making it essentially the most actively traded ETF on launch day this 12 months.
According to Balchunas, the dimensions of exercise was clear from the opening bell. Within 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.
Meanwhile, Rex-Osprey’s companion product, a Dogecoin ETF with the ticker DOJE, additionally drew heavy curiosity from the market.
Balchunas said that the funding automobile noticed practically $6 million traded in its first hour and a closing tally of $17 million. This locations it among the many prime 5 ETF debuts in 2025.
The sturdy early numbers mirror rising investor urge for food for regulated publicity to various digital belongings.
Balchunas mentioned:
“[This is a] good signal for the onslaught of 33 Act ETFs coming quickly.”
Unlike the spot Bitcoin and Ethereum ETFs that went reside final 12 months, Rex-Osprey’s merchandise are structured via Cayman Islands subsidiaries and registered below the Investment Company 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 completely different regulatory paths to convey altcoins into the ETF market.
XRP and DOGE costs falter
The heavy ETF volumes didn’t translate into fast worth energy for the underlying tokens.
XRP slipped 3% over the previous 24 hours to $3.02, extending per week of gradual declines which have stored the asset locked between $3 and $3.15, in line with CryptoSlate information.
Dogecoin worth adopted an analogous sample throughout the reporting interval.
According to 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.
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