History has been made yesterday with the first-ever XRP ETF on the Chicago Board Options Exchange (CBOE), issued by Rex-Osprey under the uncanny ‘40 Act, offering Rex-Osprey’s ETF investors the opportunity to gain exposure to Ripple’s (XRP) Spot market coverage via the asset manager’s branch in Cayman Islands.
Unorthodox Ripple ETF Goes Live..
The company has issued a similar exchange-traded fund (ETF) for Dogecoin (DOGE), marking the first-ever meme coin to achieve eligibility for America’s traditional stock markets. Upon the first hours into launch, Rex-Osprey’s XRP ETF (XRPR) whipped up $24 million in trade volume.
Posting $37.7 million volume in the first 24 hours, the new Ripple-based ETF product was praised by Bloomberg’s top ETF expert Eric Balchunas, who stated that the XRPR debut has been the strongest 2025 launch in terms of natural traffic. Besides, Mr. Balchunas claims this could pave the way for a quicker adoption of the regular ‘33 Act ETFs, due for late 2025.
Can XRP’s Price Sync With The Hype?
Ripple’s native coin XRP has formed a double top this week, hitting the $3.12 resistance level twice, on September 13 & 18, 2025. The double top position falls in line with the highest-tier Bollinger Band (BOLL), which is a technical analysis instrument that signals a bullish breakout.
Conversely, the lowest tier Bollinger Band falls in line with the blue circle in the graphic above, which mirrors the support box at $2.98 in case XRP loses the $3 psychological threshold again. The trend-line remains above $3, mostly due to hefty crypto whale support on Friday.
Intriguingly, Rex-Osprey’s XRP price displayed $25.92 at the start of trading, but can the factual market value ever catch up to that?
For a chance at a double-digit XRP price, any of the regular 11 ETF submissions would have to be approved, potentially pushing the OG altcoin’s on-demand liquidity to unprecedented levels.
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The Rex-Osprey XRP ETF (ticker: XRPR) is the first U.S.-listed spot ETF providing direct exposure to XRP, launched on September 18, 2025, by Rex Shares and Osprey Funds on the CBOE. It’s structured as a hybrid fund holding 80% XRP and 20% bonds via a Cayman Islands subsidiary, allowing regulated access through standard brokerage accounts.
The $25 opening price represents the initial share price of the ETF itself, not a direct reflection of XRP’s spot price (currently ~$3.11). It’s set based on the Cayman Island-based fund’s net asset value and initial assets of $625,000 with 25,000 shares outstanding, trading in the $25–$26 range for broader investor appeal.
It saw explosive demand, with nearly $25 million in trading volume within the first 90 minutes—5x higher than any prior XRP futures ETF’s full first-day volume. This strong debut signals significant institutional and retail interest, outpacing expectations.
XRP’s price climbed to $3.12 shortly after launch, up from recent levels around $2.99–$3.00, driven by the ETF hype alongside a Fed rate cut and SEC rule changes easing crypto ETF approvals. Early momentum shows bullish signals like a MACD crossover and a TD sequential buy indicator.
Short-term, experts see $5 as achievable with sustained ETF inflows and full spot approval, but $20–$25 targets hinge on major catalysts like institutional adoption and Ripple’s banking expansions by year-end. While ambitious, historical ETF-driven rallies suggest it’s possible if liquidity floods in, though volatility remains high.
