A new XRP exchange-traded fund called Rex-Osprey XRPR has made a remarkable debut as the strongest US ETF launch in 2025.
On September 18, Bloomberg Intelligence analyst Eric Balchunas pointed out that the XRPR ETF saw $37.7 million in trading volume on its first day, making it the most actively traded ETF launch in the US this year.
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Within 90 minutes of its launch, the fund had already surpassed $24 million in trades, which is five times the volume seen by any crypto futures ETF debut in 2025.
Additionally, Rex-Osprey’s DOJE Dogecoin ETF also saw significant interest from investors, with nearly $6 million traded in the first hour and a total of $17 million at the close.
These strong initial numbers demonstrate the increasing demand for regulated exposure to alternative digital assets.
Balchunas commented:
“[This is a] good sign for the onslaught of 33 Act ETFs coming soon.”
Unlike previous spot Bitcoin and Ethereum ETFs, Rex-Osprey’s products are structured through Cayman Islands subsidiaries and registered under the Investment Company Act of 1940, indicating a new regulatory approach for altcoin ETFs.
XRP and DOGE prices decline
Despite the high ETF volumes, XRP and Dogecoin prices experienced a decline in the market.
XRP dropped by 3% to $3.02 over the past 24 hours, while Dogecoin slipped 2% to $0.2735 after briefly reaching a seven-month high of $0.2879 during the ETF launch.
This divergence illustrates the distinction between ETF market interest and actual spot demand for the tokens.
