Rex-Osprey Hybrid Spot XRP ETF Shatters Debut Records
By: Isha Das
The Rex-Osprey XRP exchange-traded fund (ETF) has launched with unprecedented enthusiasm in the U.S. market in 2025. On its release, trading under the ticker XRPR, the ETF recorded $37.7 million in volume, surpassing all other new ETFs introduced this year in the United States. This robust inaugural performance is a testament to investors' growing interest in regulated exposure to digital assets.
Bloomberg Intelligence analyst Eric Balchunas observed the fund's significant traction as it amassed $24 million in trades within 90 minutes from the opening bell. This compares remarkably with other crypto futures ETFs introduced in 2025, as the Rex-Osprey product achieved five times the first-hour volume of its competitors. This ETF's impressive debut signals a strong appetite among investors for alternative asset regulation as the cryptocurrency market continues to mature.
The broader lineup of Rex-Osprey products also includes a Dogecoin ETF, trading under the ticker DOJE, which attracted substantial initial interest. With over $6 million traded in its first hour, the Dogecoin ETF clinched a spot within the top five ETF debuts this year, closing the day with $17 million traded. Balchunas emphasized that these results demonstrate a positive outlook for future ETFs structured under the 33 Act expected later on.
Unlike Bitcoin and Ethereum spot ETFs launched last year, Rex-Osprey products are structured through Cayman Islands subsidiaries and registered under the Investment Company Act of 1940, allowing companies to explore different regulatory frameworks to include altcoins in the ETF market. This shift illustrates the dynamic regulatory strategies being employed to meet investor demand and capitalize on cryptocurrency market opportunities.
Despite the exceptional ETF trading volumes, this enthusiasm did not translate to immediate gains for XRP's and Dogecoin's market values. XRP fell by 3% over the last day to $3.02, continuing a week-long trend of gently declining prices. Similarly, Dogecoin saw a 2% drop, falling to $0.2735 after briefly reaching a seven-month high of $0.2879 on the ETF’s launch day. This divergence between ETF volume and the spot market underscores the complex relationship between secondary market enthusiasm and direct spot demand.
The groundbreaking debut of the Rex-Osprey XRP and Dogecoin ETFs represents a significant milestone for the cryptocurrency ETF market. As investors navigate new pathways to regulated digital assets, the industry continues to demonstrate adaptability and innovation.
