Rex-Osprey Hybrid Spot XRP ETF Shatters Records with Historic 2025 Launch

Wall Street meets crypto in a game-changing debut—the Rex-Osprey XRP ETF just dropped and immediately rewrote the record books.

Why Traders Are Buzzing

This isn’t just another fund. It’s a hybrid beast—combining spot exposure with institutional-grade structure. No more hopping between offshore exchanges or sweating custody risks. One ticker, pure XRP action, wrapped in regulatory clarity.

Timing Is Everything

Dropping in 2025, it capitalized on a ripe moment—regulatory winds shifting, institutional FOMO building, and XRP itself looking bullish. Because nothing says 'mainstream' like a nine-figure inflow on day one.

Behind the Hype

Rex and Osprey didn’t just slap a label on a wallet. They built a vehicle that bridges TradFi reliability with crypto’s upside. Think liquidity, transparency, and yes—those lower fees that make hedge funds squirm.

The Ironic Twist

Funny, isn’t it? The same suits who called XRP a 'security' two years ago are now collecting management fees on its ETF. But hey, progress tastes better with a side of hypocrisy.

Bottom line: Love it or hate it, this launch marks a turning point. Crypto isn’t knocking on finance’s door anymore—it’s setting up a desk and demanding a keycard.

According to Balchunas, the scale of activity was clear from the opening bell. Within 90 minutes of launch, the fund had already crossed $24 million in trades, which is five times the first-hour volume seen by any crypto futures ETF launched in 2025.

Meanwhile, Rex-Osprey’s companion product, a Dogecoin ETF with the ticker DOJE, also drew heavy interest from the market.

Balchunas stated that the investment vehicle saw nearly $6 million traded in its first hour and a closing tally of $17 million. This places it among the top five ETF debuts in 2025.

The strong early numbers reflect growing investor appetite for regulated exposure to alternative digital assets.

Balchunas said:

“[This is a] good sign for the onslaught of 33 Act ETFs coming soon.”

Unlike the spot Bitcoin and ethereum ETFs that went live last year, Rex-Osprey’s products are structured through Cayman Islands subsidiaries and registered under the Investment Company Act of 1940.

That framework sets them apart from the 1933 Act funds used for spot BTC and ETH, signaling that issuers are experimenting with different regulatory paths to bring altcoins into the ETF market.

XRP and DOGE prices falter

The heavy ETF volumes did not translate into immediate price strength for the underlying tokens.

XRP slipped 3% over the past 24 hours to $3.02, extending a week of gradual declines that have kept the asset locked between $3 and $3.15, according to CryptoSlate data.

Dogecoin price followed a similar pattern during the reporting period.

According to CryptoSlate’s data, the token pulled back 2% to $0.2735 as of press time after briefly hitting a seven-month high of $0.2879 on the ETF’s debut.

This reversal highlights the difference between secondary-market enthusiasm for ETFs and direct spot demand for the coins themselves.