The first U.S. spot XRP ETF (REX Osprey) opened with $37.7M in day-one volume and nearly $25M in the first hour, outpacing comparable futures debuts by about 5x; on-chain reserve increases and mixed derivatives data mean price reaction was muted despite strong demand.
spot XRP ETF: REX Osprey logged $37.7M day-one volume; read market signals and next steps — full report by COINOTAG.
What is the performance of the first U.S. spot XRP ETF?
spot XRP ETF performance was robust at launch: REX Osprey reported $37.7 million in total volume on September 18, with nearly $25 million traded in the first hour. This initial demand was approximately five times greater than comparable futures ETF debuts, indicating elevated investor interest.
How did REX Osprey XRP ETF launch trade during hour one?
The product drew heavy early inflows, recording nearly $25 million within the opening hour and totaling $37.7 million for the session. Bloomberg ETF analyst Eric Balchunas described the figures as a “good sign” for increasing investor appetite toward spot XRP ETF structures (source: Bloomberg commentary, plain text).
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REX Osprey used an alternative route to accelerate the listing, while other spot XRP ETF applicants remain subject to a slower 1933 Act review process. The fast-tracked debut likely concentrated initial demand into a narrow time window, explaining the strong first-hour number.
XRP price fell about 3% after the ETF launch, failing to follow the ETF’s strong volume. The $3 area remains an active supply and resistance zone tested repeatedly over recent weeks.
On-chain metrics were mixed. Exchange Reserve climbed from roughly 3 billion XRP at the month’s start to about 3.6 billion XRP at press time, a move that can signal increased sell-side liquidity (source: CryptoQuant, plain text).
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