The newly launched Rex-Osprey XRP exchange-traded fund has posted the strongest debut of any US ETF introduced in 2025.
On Sept. 18, Bloomberg Intelligence analyst Eric Balchunas noted that the product, trading under the ticker XRPR, recorded $37.7 million in natural volume, making it the most actively traded ETF on launch day this year.
According to Balchunas, the scale of activity was clear from the opening bell. Within 90 minutes of launch, the fund had already crossed $24 million in trades, which is five times the first-hour volume seen by any crypto futures ETF launched in 2025.
Meanwhile, Rex-Osprey’s companion product, a Dogecoin ETF with the ticker DOJE, also drew heavy interest from the market.
Balchunas stated that the investment vehicle saw nearly $6 million traded in its first hour and a closing tally of $17 million. This places it among the top five ETF debuts in 2025.
The strong early numbers reflect growing investor appetite for regulated exposure to alternative digital assets.
Balchunas said:
“[This is a] good sign for the onslaught of 33 Act ETFs coming soon.”
Unlike the spot Bitcoin and Ethereum ETFs that went live last year, Rex-Osprey’s products
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Author: Oluwapelumi Adejumo
