The price of XRP has increased following the launch of the Rex-Osprey XRP ETF, marking the first American spot ETF to provide exposure to the cryptocurrency. This debut has generated significant interest, with the ETF achieving close to $25 million in trading volume within just 90 minutes. As a result, XRP's price rose about 2% over a 24-hour period, approaching $3.11, while still remaining 15% below its all-time high of $3.65 from July. Bloomberg analyst Eric Balchunas expressed surprise at the initial trading volume, noting it was five times greater than any competing XRP futures ETFs. The ETF was launched coinciding with the introduction of another ETF, the DOJE, centered on Dogecoin. Analysts anticipate that the SEC's recent approval of new listing standards could pave the way for further crypto products beyond Bitcoin and Ethereum.

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