- XRP ETF’s $37.7M debut sets a new altcoin ETF record.
- Strong institutional demand drives XRPR’s $37.7M debut on launch day.
- XRP price stabilizes as ETF debut signals altcoin market growth.
The launch of the REX-Osprey XRP ETF marked a significant moment in the crypto world, with an impressive $37.7 million in first-day flows on September 18, 2025. This debut has set a new record for U.S. altcoin ETFs, surpassing all previous launches and demonstrating the growing appetite for altcoin-focused investment products.
Together with the XRP ETF, the DOGE Dogecoin ETF was also launched, with the initial $17 million in volume. Combined, both funds raised above $54 million in first-day trading, which indicates the growing demand for altcoin ETFs.
The XRPR ETF is established under the Investment Company Act of 1940 (RIC framework), which is contrary to other crypto ETFs, such as Bitcoin and Ether, operating under the 1933 Act.
This enables faster approvals and tighter control, which gives investors controlled access to XRP via a hybrid structure comprising direct ownerships, foreign exchange-traded products (ETPs), and derivatives. While this structure adds credibility, it also introduces risks of tracking errors due to the limited direct custody of cryptocurrency.
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Despite these risks, the XRPR ETF’s debut exceeded expectations. The performance of the ETF was unexpected, attracting close to five times the inflows of XRP futures ETFs. In less than 90 minutes of trading, XRPR had traded in more than $25 million, which indicated that retail and institutional investors were keen on the product.
This remarkable debut positions XRPR alongside the most successful cryptocurrency ETFs of the year, rivaling Bitcoin and Ether’s spot ETF launches in 2024.
XRP Price Movement and Market Indicators During Launch
On the same day as the ETF’s debut, XRP’s price saw slight fluctuations, trading at $3.04, with a minor drop of 1.00% from the previous day. During the session, the market was volatile with a high of $3.08 and a low of $3.02. XRP’s price hovered just below the upper Bollinger Band, suggesting that the asset was approaching overbought conditions without exceeding this limit.
The Relative Strength Index (RSI) for XRP stood at 53.98, indicating a neutral market. This means XRP is neither overbought nor oversold, leaving room for potential price movement in either direction.
Closer to the upper Bollinger Band and with the RSI showing the presence of neutral momentum, the asset may continue moving in the same direction as currently or experience a reversal within the next few days.
The technical indicators, coupled with the successful launch of the XRPR ETF, indicate that XRP is enjoying a lot of market attention. While not in extreme conditions, the asset is positioned for potential further growth or volatility in the near future.
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