The REX-Osprey XRP ETF had a very strong first day, recording $37.7 million in trading volume. This makes it the biggest ETF launch of 2025 so far.
The fund got attention very quickly. Within just 90 minutes, trading had already passed $24 million. Bloomberg analyst Eric Balchunas described the performance as “remarkable,” He also said the Dogecoin ETF, DOJE, had only $17 million on its first day. This makes the XRP ETF one of the top five ETF launches of the year out of more than 700, according to Balchunas.
After the first day, market experts became more positive. Analyst Zenia said the ETF gives the market “structural support” and suggested that XRP could rise toward $5 soon. He added that in the long term, the price might even reach $15 if the trends continue.
The launch also affected other markets. Futures trading volumes jumped more than 120% after the ETF started. Open interest also went up by 5% to $8.94 billion. In regular trading, XRP went up 4% to $3.10 before dropping slightly later.
The ETF launch comes at a time when the SEC has made new rules for crypto ETFs. These rules make it faster to approve ETFs, shortening the approval time from 240 days to just 75 days. Because of this, more XRP ETFs are expected soon. Five big applications from 21Shares, Bitwise, CoinShares, Canary Capital, and Grayscale will get a decision on October 19, 2025.
Also, the Grayscale CoinDesk Crypto 5 ETF, which includes XRP, Bitcoin, Ethereum, Solana, and Cardano, will launch today. Experts say these funds could bring in up to $8 billion in the first year.
Also Read: Michigan Advances Bill to Invest State Funds in Cryptocurrency
