Bloomberg’s financial experts pick Rex-Osprey’s unusual ETF as one of the strongest debuts this year.
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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