REX-Osprey’s new XRP ETF launched today and has already broken volume records. In the first 90 minutes, XRPP had 5x the volume of previous XRP based futures products.
The partner’s Dogecoin ETF also outperformed expectations despite some bearish signals. These breakout successes show how robust the altcoin ETF market can truly be.
New XRP ETF Takes the Crown
The prospect of an XRP ETF has attracted a lot of attention in the crypto community, not least because of its close calls for regulatory approval .
REX-Osprey launched its US-listed XRP ETF today (September 18, 2025). It trades on Cboe under the ticker XRPR.
According to the issuer, the fund aims to hold mostly spot XRP with the rest being XRP-backed ETPs, so it is not a 100% “pure spot” structure, as some articles have suggested.
This new XRP ETF has completely shattered all records set by previous futures products based on this Token . In the first 90 minutes, XRPP had 5 times the volume of other products in their entire first day.
At $24 million and counting, this ETF's volume could be a long-term record.
Altcoin Investment Fever?
REX-Osprey launched another altcoin ETF today in addition to their XRP product. The market has been hesitant about their Dogecoin ETF, especially after the unexplained delays , and Doge traders don't seem to care .
However, this ETF also surpassed bearish expectations, quickly reaching $6 million in volume.
These ETFs are not just positive for XRP and Dogecoin; they are also positive for the market as a whole. There are dozens of active altcoin ETF filings , but analysts are concerned that large Token like BTC and ETH will dominate the market.
However, REX-Osprey's products prove that altcoin ETFs are a certifiable hot commodity.
Why Rex-Osprey's XRP ETF Is Different
It is important to note that XRPR differs from spot Bitcoin ETFs in structure and exposure. Unlike Bitcoin ETFs that hold the asset directly, XRPR uses a hybrid model under the Investment Company Act of 1940, combining spot XRP holdings with Derivative and exposure to other XRP backed products.
This approach offers regulated access but also carries tracking risks, additional costs, and less transparency than “pure spot” Bitcoin or Ethereum ETFs.
The fund’s approval doesn’t mean the SEC has broadly approved spot XRP ETFs. XRPRs could launch thanks to updated listing standards that simplify the approval of some cryptocurrency ETFs, but XRP ETF filings from major issuers are still being XEM .
Indeed, XRPR represents a step forward in bringing XRP to the U.S. market. However, it is not a regulatory milestone like the approval of spot Bitcoin ETFs earlier this year.
