The REX-Osprey funds, developed by REX Shares and Osprey Funds, introduced the first ETFs listed in the U.S. that offer spot exposure to XRP. The XRP ETF recorded 37.7 million dollars, the largest trading volume on its first day in 2025, according to Bloomberg analyst Eric Balchunas.
This occurred after the launch attracted the immediate attention of institutional actors. The fund surpassed 24 million dollars in trading volume in just 90 minutes since its debut.
Balchunas described the performance as remarkable. He also noted that even the Dogecoin fund, DOJE, recorded $17 million in daily trades. This placed it among the top five ETF launches of the year, out of more than 700.
Market analysts were optimistic after the record debut. Using technical indicators that point to a breakout of the bullish flag, prominent analyst Zenia suggested that the token could be ready for a significant upward movement.
According to him, the first spot XRP ETF in the U.S. provides structural support to the market. Zenia projected that the token could reach $5 in the short term, with a long-term target of up to $15.
Enthusiasm quickly spread to the derivatives markets. Data revealed that futures trading volume increased by more than 120% in the hours following the launch of the REX-Osprey XRP ETF. Additionally, open interest rose by 5%, reaching $8,940 million. The token briefly rose by 4% in spot trading, testing resistance at $3.10 before closing slightly lower.
By approving generic listing standards for exchanges, the new SEC framework has opened the door to more cryptocurrency ETFs. This regulatory change reduces the approval timeline for spot digital asset ETFs from 240 days to just 75. As a result, more ETF applications are expected to be approved in the coming weeks.
