REX-Osprey XRP ETF Debuts With Record $37.7M Volume as Analyst Projects Bullish Run

REX-Osprey XRP ETF has recorded  $37.7 million in trading volume on its first day. This makes it the most successful ETF debut of 2025 so far. The performance has led to bullish projections for the token, with an analyst predicting a rally. 

REX-Osprey XRPR ETF Sets New First Day Record

The REX-Osprey funds, developed by REX Shares and Osprey Funds, introduced the first U.S.-listed ETFs offering spot exposure to XRP. The XRP ETF posted $37.7 million, the highest first-day trading volume of 2025, according to Bloomberg analyst Eric Balchunas.

$XRPR traded $37.7m on Day One, which edges out $IVES for the biggest day one (natural) $ volume of any 2025 launch. $DOJE is no slouch at $17m, which would be Top 5 for year.. out of 710 launches. Good sign for the onslaught of 33 Act ETFs coming soon.. pic.twitter.com/JaQP9ekFIq

— Eric Balchunas (@EricBalchunas) September 18, 2025

This came after the launch drew immediate attention from institutional players. The fund surpassed $24 million in trading volume within just 90 minutes of its debut. 

Balchunas described the performance as remarkable. He also noted that even the Dogecoin fund, DOJE, posted $17 million in day-one trading. This placed it among the top five ETF launches of the year out of more than 700. 

Market analysts became bullish as a result of the record debut. Using technical indicators that point to a bull flag breakout, prominent analyst Zenia suggested that the token could be ready for a significant upward move.

According to him, the first U.S. spot XRP ETF adds structural support to the market. Zenia projected that the token could rise toward $5 in the near term, with a longer-term goal as high as $15.

The excitement quickly spilled into derivatives markets. Data revealed that futures trading volumes increased by more than 120% in the hours following the REX-Osprey XRP ETF launch. Additionally, open interest increased by 5% to $8.94 billion. The token briefly surged 4% in spot trading to test resistance at $3.10 before settling marginally lower.

More XRP ETFs Expected Amid New SEC Framework

By approving generic listing standards for exchanges, the SEC’s new framework has opened the door for more crypto ETFs. This regulatory shift trims the approval timeline for spot digital asset ETFs, from 240 days to just 75. As a result, more ETF applications are expected to clear in the coming weeks.

For instance, some approvals are expected in October. The SEC delayed decisions on five high-profile spot XRP ETFs until October 19, 2025. This includes those from 21Shares, Bitwise, CoinShares, Canary Capital, and Grayscale.

It’s also worth mentioning that the Grayscale CoinDesk Crypto 5 ETF that includes XRP is set to launch today. The funds also include Bitcoin, Ethereum, Solana, and Cardano. This could also add to the token’s bullish sentiment.

Analysts have suggested that these funds could draw as much as $8 billion in inflows in their first year. If realized, such demand would position the token as a major institutional-grade crypto investment.