REX XRP ETF Explodes Onto Scene – Analyst Hails $37M Debut Volume as Bullish Signal

Wall Street meets crypto in a watershed moment for digital asset adoption.

The institutional floodgates are opening

REX's XRP exchange-traded fund just smashed expectations with a $37 million opening day—defying skeptics who said regulators would never allow a crypto ETF that wasn't Bitcoin. Traders piled in from the opening bell, treating the launch like a digital asset coming-out party.

Volume tells the real story

That number isn't just impressive—it signals real demand from institutional players who've been waiting on the sidelines. While traditional finance still debates whether crypto belongs in portfolios, smart money is already positioning itself. One analyst called it 'the validation XRP needed after years of legal uncertainty.'

The new landscape of crypto investing

This isn't your cousin's Bitcoin speculation play. The ETF structure gives pension funds and asset managers the regulatory comfort to dive in—while ironically making crypto more centralized than ever. Because nothing says 'decentralized revolution' like needing a prospectus approved by the SEC.

Watch this space: if the volumes hold, every major issuer will be racing to launch their own crypto ETF. The dinosaurs of finance might finally be learning to dance—or at least they're buying the right records.

Key Takeaways

How did the first U.S. spot XRP ETF perform on its launch? 

REX Osprey XRP ETF saw 5x more in trading volume on day one than its Futures counterparts. 

What’s next for XRP price? 

Data showed mixed signals, with a likely impending exchange sell-off, but top players were still bullish on the altcoin. 

The first U.S. spot Ripple [XRP] ETF (exchange-traded fund) debuted with a remarkable outperformance on the 18th of September. 

The REX Osprey XRP ETF recorded $37.7 million in daily trading volume. Within the first hour of trading, the product raked in nearly $25 million in volume.

This was 5x more demand than other XRP ETF Futures did on their debut, underscoring the massive interest. 

Reacting to the performance, Bloomberg ETF analyst Eric Balchunas called it a ‘good sign’ for the incoming spot XRP ETFs. 

Source: X

Worth pointing out that other incoming spot XRP ETFs will be under a different and slow regime of the 33 Act. REX Osprey opted for another route to fast-track the XRP ETF listing. 

However, the spot xrp price didn’t follow the above impressive launch. 

XRP battles $3 hurdle

XRP price dropped about 3%, which could be concerning because the $3 is a key supply and resistance area for the past few weeks. 

However, the RSI positioning showed that bulls still had the market edge and could attempt to clear the hurdle. 

Source: XRP/USDT, TradingView 

But on-chain and derivatives data flashed mixed signals. Notably, the Exchange Reserve has climbed higher from 3 billion XRP at the beginning of the month to 3.6 billion tokens as of press time. 

For comparison, last year’s explosive rally was marked by an Exchange Reserve below 3 billion XRP. 

Source: CryptoQuant

This could be an impending selling pressure. But it was not clear whether the building Exchange Reserve could make other ETF approvals a ‘sell-the-news event.’

However, in the derivatives market, top Binance traders remained strongly bullish.

In fact, after trimming risk ahead of the Fed rate decision, they increased long positions from 72% to 76% in the past two days.