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.
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REX Osprey recorded $37.7M day-one volume, ~ $25M in hour one (5x futures demand)
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Exchange reserves rose from ~3B to 3.6B XRP this month, signaling higher selling supply.
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Top Binance traders increased long concentration from 72% to 76%, showing sustained speculative bullishness.
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).
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.
How did XRP price react after the ETF debut?
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.
What do on-chain and derivatives indicators show?
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).
For comparison, last year’s parabolic rally occurred with exchange reserves below 3 billion XRP. The rise to 3.6 billion suggests potential selling pressure that may cap short-term upside.
Derivatives positioning paints a different picture: data from centralized derivatives markets showed top Binance traders increasing long concentration from 72% to 76% over two days, indicating that sophisticated participants remain net-bullish. Chart and price action context referenced from TradingView (plain text).
Frequently Asked Questions
How much volume did REX Osprey record on day one?
REX Osprey recorded $37.7 million in day-one trading volume, with approximately $25 million occurring in the first hour — about five times the volume seen in prior futures ETF debuts.
Will rising exchange reserves push XRP price lower?
A higher Exchange Reserve from ~3B to 3.6B suggests added sell-side liquidity that can pressure price. However, market impact depends on whether reserves are moved for listing, rebalancing or active selling.
Are traders still bullish despite the price dip?
Yes — derivatives data show top traders increased long exposure from 72% to 76%, implying professional and speculative participants maintain bullish bias even after short-term profit-taking.
Key Takeaways
- Strong debut demand: REX Osprey spot XRP ETF opened with $37.7M, signaling notable investor interest.
- Price divergence: XRP fell ~3% after the launch, highlighting supply-side pressure despite ETF flows.
- Mixed indicators: Exchange Reserve growth points to potential selling; derivatives positioning remains bullish.
Conclusion
The REX Osprey spot XRP ETF launch demonstrated clear demand with $37.7M in day-one volume and a concentrated first-hour intake, yet XRP price reacted negatively as exchange reserves climbed. Monitor reserve trends and derivatives positioning for next directional cues. For ongoing coverage and updated data, follow COINOTAG reporting and on-chain metrics.
