First U.S. Spot XRP ETF Launches with $37.7M Debut: XRPR Makes Historic Entry

Wall Street finally embraces Ripple's native token as the inaugural XRP ETF hits U.S. markets—racking up $37.7 million in day-one flows.

XRPR's Blockbuster Opening

Traders piled into the long-awaited fund, bypassing traditional crypto exchanges and betting big on regulatory clarity. The debut volume signals institutional appetite isn't just theoretical—it's cash-on-the-table real.

ETF Mechanics: Simplified Access

No wallets, no private keys. Just ticker symbols and brokerage accounts. XRPR cuts through crypto's technical friction, offering exposure without the operational headaches that scare off traditional finance players.

Market Impact: Beyond the Hype

This isn't another speculative bubble. The $37.7 million launch demonstrates validated demand—not just Twitter hype. It forces skeptics to confront a simple truth: digital assets are cementing their role in modern portfolios.

Finance's Ironic Twist

Banks spent years dismissing XRP as unworthy—now they're collecting fees to help clients buy it. Some things never change: Wall Street will always monetize the very trends it once mocked.

The bottom line? Regulatory progress meets market demand. XRP's ETF debut isn't just a milestone—it's a blueprint for crypto's next chapter.

REX-Osprey has launched two new U.S. exchange traded funds that give investors direct, regulated exposure to major meme and payments tokens. The funds are the REX-Osprey XRP ETF (ticker: XRPR) and the REX-Osprey Doge ETF (ticker: DOJE).

Strong first-day trading

XRPR drew heavy trading on its first day. Bloomberg ETF analyst Eric Balchunas reported that XRPR traded about $37.7 million on day one. That total makes XRPR one of the largest single-day debuts among 2025 ETF launches. DOJE also saw solid interest and traded roughly $17 million on day one.

It was unarguably a successful first day https://t.co/kcy4P2FgNb

Those opening volumes offer an early sign of demand. 

What the funds do

Both XRPR and DOJE hold the underlying tokens on behalf of shareholders. That means investors can gain price exposure to XRP and Dogecoin from their regular brokerage accounts without opening accounts on crypto exchanges or handling wallets. The structure appeals to traditional investors who prefer familiar, regulated products.

REX-Osprey is the same team behind SSK, a U.S. ETF that combines spot solana exposure with potential on-chain staking rewards. The firm positions these new launches as part of a broader push to bring mainstream investors regulated access to well known digital assets.

Broader market context

The XRP and dogecoin ETF launches come amid a flurry of crypto and institutional activity. Ripple has been rolling out partnerships and tokenization projects with banks and asset managers. Separately, financial firms in other markets have launched programs that offer crypto incentives and easier transfers, increasing retail awareness and adoption in some regions.

What to watch next

• Net inflows and assets under management. Day-one volume is only an opening snapshot. Sustained inflows will determine the funds’ lasting impact.
• Trading liquidity and spreads. Watch how easily investors can trade the ETFs and how tight the bid ask spreads remain.
• Regulatory and product pipeline. More 33 Act ETFs could follow. Regulators and exchanges will play a key role in how fast that happens.