- REX-Osprey XRP ETF launched on Cboe BZX with record volume.
- $37.7 million first-day trading volume set a 2025 record.
- Significant milestone for U.S. spot XRP market access.
The REX-Osprey XRP ETF achieved a record first-day trading volume of $37.7 million on its launch on September 18, 2025, on the Cboe BZX Exchange, marking the largest ETF debut in 2025 by trading volume.
The REX-Osprey XRP ETF launched on September 18, 2025, on the Cboe BZX Exchange, recording $37.7 million in first-day trading volume.
This event marks a pivotal moment in the U.S. ETF market, as it broadens digital asset accessibility beyond Bitcoin and Ethereum.
The REX-Osprey XRPR ETF emerged as a noteworthy player on its September 18, 2025 debut, taking place on the Cboe BZX Exchange. With a first-day trading volume of $37.7 million, it marked the largest ETF debut success for the year.
โThese are not โpure spotโ products, but represent a milestoneโthe first time U.S. brokerage accounts will gain ETF access to XRP and DOGE.โ โ James Seyffart, ETF Analyst, Bloomberg
The initiative involves REX Shares and Osprey Funds, with the former being a known ETP issuer and the latter an independent entity since 2021. Their focus remains on bridging traditional finance and cryptocurrency markets.
Adding broader horizons, the debuts of XRPR and DOJE ETFs introduced diversified exposure to XRP and DOGE. By exceeding initial trading expectations, it set a precedent for similar structured financial products.
The debut has stimulated significant interest in institutional channels within the U.S., offering direct exposure to XRP and Dogecoin, previously less accessible in domestic markets.
Looking ahead, analysts expect additional product expansions within this ETF space, increasing the trading activities of XRP and beyond. Continuing regulatory approvals, such as CMEโs planned launch of options on XRP and Solana futures, will further enhance market dynamics.