Osprey XRP ETF Posts $24M in First 90 Minutes, Suggests Rising Demand for Regulated XRP Exposure

• XRPR hit ~$24M in opening 90 minutes, outpacing XRP futures ETF open-day volumes.

• The fund holds ~59% in CME’s CF XRP‑Dollar Reference Rate and ~39% in CoinShares’ physical XRP product.

• Dogecoin’s DOJE ETF also opened strongly, with DOJE exceeding 6M volume in its first hour.

Meta description: XRP ETF gains rapid traction—Osprey’s XRPR posts $24M in 90 minutes; read initial volumes, fund structure, and key takeaways. Learn more now.

What is the Osprey XRPR ETF and why does its launch matter?

The Osprey XRPR ETF is a CBOE-listed exchange-traded fund providing regulated, brokerage-accessible exposure to XRP. It began trading above NAV and recorded roughly $24 million in volume within the first 90 minutes, marking notable retail and institutional interest in on‑ramp products for XRP.

How did XRPR perform on day one and how does that compare?

XRPR opened at $25.80, slightly above its net asset value (NAV) around $25. The first 90 minutes produced about $24 million in trading volume, roughly five times the opening-day volume of combined XRP futures ETFs. This relative outperformance highlights demand for a spot‑like, regulated XRP vehicle.

Fund Structure and Asset Allocation — What is inside XRPR?

XRPR is primarily composed of reference-rate exposures and a CoinShares physical product. Approximately 59% is allocated to the CME CF XRP‑Dollar Reference Rate and ~39% to CoinShares’ physical XRP product, with a small cash balance to manage liquidity and redemptions.

Trading began under ticker XRPR on the Chicago Board Options Exchange, providing a regulated on‑ramp to XRP via brokerage accounts. Because the ETF’s holdings reference institutional price feeds and a CoinShares product, XRPR shares trade in the $25–$26 range while XRP’s spot market price trades near $3.11, reflecting the ETF’s asset‑backed structure rather than direct exchange custody pricing.

Why does this ETF matter for mainstream adoption?

The XRPR debut shows investor appetite for regulated products that simplify access to digital assets. By packaging XRP into an ETF format, brokers, retirement accounts, and traditional investors gain a familiar vehicle for exposure without requiring direct crypto exchange custody.

What does the early volume imply about market demand?

High opening volume suggests both retail and professional traders were ready to use a regulated instrument for XRP exposure. Comparable early success for the Dogecoin ETF (DOJE) further indicates a widening acceptance of diverse crypto ETFs beyond first‑generation Bitcoin and Ethereum products.

Frequently Asked Questions

How much volume did XRPR record in its first 90 minutes?

The Osprey XRPR ETF recorded approximately $24 million in trading volume during its first 90 minutes of trading, a strong early showing versus prior XRP futures ETF launches.

Is XRPR backed by actual XRP?

XRPR’s holdings are a mix of instruments: roughly 59% tied to the CME CF XRP‑Dollar Reference Rate and about 39% in CoinShares’ physical XRP product, with a small cash buffer. This structure gives the fund price exposure tied to institutional reference rates and custody products.

Can retail investors buy XRPR through regular brokerages?

Yes. As an exchange-traded fund listed on a regulated U.S. exchange, XRPR can be purchased via standard brokerage accounts that support CBOE-listed ETFs.

Key Takeaways

• Rapid early adoption: XRPR reached ~$24M in 90 minutes, showing demand for regulated XRP vehicles.
• Institutional reference rates: The ETF’s allocation to CME CF XRP‑USD reference rate and CoinShares product gives institutions familiar price feeds.
• Broader ETF momentum: Strong openings for XRPR and DOJE signal expanding investor interest in crypto ETFs beyond Bitcoin and Ethereum.

Conclusion

The Osprey XRPR ETF’s strong opening volumes and its mixed allocation to the CME CF XRP‑Dollar Reference Rate and CoinShares physical product indicate a clear market interest in regulated XRP exposure. As DOJE and XRPR demonstrate strong early traction, investors and advisors should monitor liquidity and tracking metrics for these new crypto ETFs. For ongoing coverage and updates, follow COINOTAG’s reporting on ETF developments and regulatory disclosures.