Today's XRP news: The first Spot Ripple ETF in the U.S. has launched, attracting $24 million, with volume surpassing futures by 5 times.

The first Spot XRP ETF in the United States officially launched for trading on September 18, with a trading volume reaching an astonishing $24 million within just 90 minutes of opening, demonstrating market enthusiasm far exceeding expectations. This trading volume is five times that of the first day trading volume of the futures XRP ETF, indicating that investors' demand for direct access to Crypto Assets is rapidly rising, paving the way for Crypto Assets to enter the mainstream investment market.

REX-Osprey launches the first U.S. Spot XRP ETF, market response is enthusiastic

(Source: X)

After a long wait in the market, REX Shares and Osprey Funds launched the first XRP Spot ETF (ticker: XRPR) and Dogecoin ETF (ticker: DOJE) listed in the United States on September 18 at the Cboe BZX Exchange. These two funds represent an important step in integrating well-known Crypto Assets into a regulated ETF structure.

Bloomberg ETF analyst Eric Balchunas pointed out that the fund performed strongly in its early days, with the Rex XRP ETF reaching a volume of $24 million within just 90 minutes of opening. He noted that this figure is five times the first-day trading volume of any previous XRP futures ETF, fully demonstrating the strong market demand for the Spot XRP ETF.

Structure and Investment Objectives of XRP ETF

The XRPR Fund aims to track the performance of XRP assets while maintaining regulatory safeguards. According to REX Shares' description:

· The fund seeks to hold most of its assets directly as Spot XRP.

· The remaining portion will be invested in exchange-traded products backed by XRP.

· Under normal market conditions, the fund will invest at least 80% of its assets in XRP or tools related to XRP.

It is worth noting that the structure of this fund differs from the Spot Bitcoin and Ethereum ETFs approved by the SEC. The REX-Osprey fund is a “40 Act” regulated investment company, which allows it to gain approval on a faster timeline.

Expansion and Impact of Crypto Assets ETF Market

Greg King, the CEO of REX Financial and Osprey Funds, commented: “Investors see ETFs as tools for trading and access. The digital asset revolution has begun, and providing exposure to some of the most popular digital assets under the protection of the 40 Act ETF in the U.S. is a goal that REX-Osprey is proud of and working to achieve.”

These issuances follow the launch of the REX-Osprey SOL + Staking ETF (SSK) in July, which is the first US-listed ETF that combines Spot Solana exposure and staking rewards. The product's assets under management have exceeded $275 million and converted to a regulated investment company structure on September 1 to enhance tax efficiency.

With XRPR and DOJE now trading, REX-Osprey is expanding its digital asset fund portfolio, providing broader access to the crypto market through a combination of regulatory oversight and mainstream investment channels. Market proponents believe that such ETFs can make it easier for traditional investors to access blockchain assets without the need to directly hold tokens, custody them, or enter unregulated exchanges.