18.09.2025 23:13

The launch of the inaugural American spot Exchange Traded Fund (ETF) offering exposure to XRP has significantly impacted the digital asset's market performance, as reported from internet sources. This pivotal event, which occurred on Thursday, saw an unexpectedly robust initial trading volume for the Rex-Osprey XRP ETF, drawing considerable attention. The price of XRP has subsequently experienced a notable uptick over the past 24 hours, with a substantial segment of the user base anticipating further appreciation, potentially reaching a new zenith of $4.

Following the debut of this pioneering U.S. exchange-traded spot fund, investor enthusiasm translated into a discernible price surge for XRP on Thursday. Data from cryptocurrency analytics provider CoinGecko indicated that the XRP coin was trading at approximately $3.11, reflecting a roughly 2% increase within a 24-hour timeframe. Presently the third-largest cryptocurrency by market capitalization, XRP is trading approximately 15% below its all-time high of $3.65, which was established in July. This recent price escalation coincides with the introduction of the Rex-Osprey XRP ETF, a collaborative venture between financial entities Rex Shares and Osprey Funds. Remarkably, the fund, which provides investors with access to the Ripple-associated asset, garnered close to $25 million in trading volume within a mere 90 minutes of its commencement.

The exceptional initial trading performance of the Rex XRP ETF ($XRPP) has elicited astonishment from prominent market observers. Eric Balchunas, a Senior ETF Analyst at Bloomberg, conveyed his state of "semi-shock" regarding the volume, noting it far surpassed his expectations. He emphasized the magnitude of this debut by stating it was "way more than I would have thought" and provided comparative context, highlighting that the volume achieved in just 90 minutes was five times greater than that of any XRP futures ETFs on their respective opening days.

XRP, the native token of the XRP Ledger blockchain, was originally developed by the founders of the fintech firm Ripple. Its network is characterized by...