XRP ETF Shatters Records as REX-Osprey Fund Lights Up Cboe Debut

XRP just flexed its institutional muscles—hard.

REX-Osprey’s freshly launched ETF exploded onto Cboe with record-breaking volume, signaling that Wall Street’s appetite for crypto isn’t just speculative hype. It’s real demand.

Traders piled in from the opening bell, pushing volume into uncharted territory and making it one of the most electrifying ETF debuts this year. No surprise—XRP’s regulatory clarity has long made it a favorite for funds looking to play it safe while still riding the crypto wave.

Behind the surge? A mix of pent-up investor interest and a market hungry for legit crypto exposure without the custody headaches. Funny how quickly traditional finance warms up to an asset it spent years dismissing.

This isn’t just another crypto product. It’s proof that digital assets are carving permanent space in global portfolios—whether old-school finance likes it or not.

New XRP ETF Takes the Crown

The prospect of an XRP ETF has attracted a lot of hype in the crypto community, especially because of all the regulatory near-misses.

REX-Osprey launched a US-listed XRP ETF today (September 18, 2025). It trades on Cboe under ticker XRPR.

Per the issuer, the fund aims to hold a majority in spot XRP with the remainder in XRP-backed ETPs, so it’s not a 100% “pure spot” structure, as some coverage notes.

SEMI-SHOCK: Rex XRP ETF $XRPP is already at $24m in volume. That is way more than I WOULD have thought. For context it's 5x more than any of the XRP futures ETFs did on Day One and it's only been 90min. pic.twitter.com/DKIDD6noZF

This new XRP ETF completely smashed all the records established by previous futures products based on the token. In its first 90 minutes, XRPP made 5x the trade volume that these other offerings achieved in their entire first days.

At $24 million and counting already, this ETF’s volume could be an enduring record.

An Altcoin Investment Bonanza?

REX-Osprey launched another altcoin ETF today in addition to its XRP product. Markets were hesitant about their purported dogecoin ETF, especially after unexplained delays, and DOGE traders didn’t seem interested.

However, this ETF also dominated bearish expectations, quickly posting $6 million in volume.

These ETFs aren’t just bullish for XRP and Dogecoin; they have bullish implications for the entire market. There are dozens of active altcoin ETF filings, but analysts have worried that big tokens like BTC and ETH will dominate the market.

REX-Osprey’s products, however, prove that altcoin ETFs are a certifiable hot commodity.

🚨 The REX-Osprey $XRP ETF ( $XRPR ) makes its Wall Street debut at $25.82!

Momentum is real. 🔥🚀 pic.twitter.com/EuQDSXXhNV

Why Rex-Osprey’s XRP ETF is Different

It’s important to note that XRPR differs from spot Bitcoin ETFs in structure and exposure. Unlike Bitcoin ETFs that directly hold the asset, XRPR uses a hybrid model under the Investment Company Act of 1940, combining spot XRP holdings with derivatives and exposure to other XRP-backed products.

This approach provides regulated access but introduces tracking risks, additional costs, and less transparency compared to “pure spot” Bitcoin or ethereum ETFs.

The fund’s approval does not mean the SEC has broadly greenlit spot XRP ETFs. XRPR was able to launch due to updated listing standards that streamline certain crypto ETF approvals, but pure spot XRP ETF filings from major issuers remain under review.

In effect, XRPR represents a step forward in bringing XRP exposure to US markets. Still, it’s not the same regulatory milestone as the approval of spot bitcoin ETFs earlier this year.