According to @EricBalchunas, $GDLC, described as the first spot crypto "5" basket ETF, traded $22 million on its first day as an ETF, while $DOJE did $12 million and $XRPR did $15 million. Source: @EricBalchunas on X, Sep 19, 2025. He characterized the debut volumes as "really solid" that "crush the avg ETF launch" but are a "far cry from bitcoin," indicating stronger-than-average launch activity yet materially below BTC ETF benchmarks. Source: @EricBalchunas on X, Sep 19, 2025. For traders, this signals above-average first-day liquidity across GDLC, DOJE, and XRPR relative to typical ETF launches per the same source, though still well under bitcoin ETF scale per his comparison. Source: @EricBalchunas on X, Sep 19, 2025.

According to the source, the Rex-Osprey XRP ETF (XRPR) recorded $37.7 million in first-day trading volume, the largest day-one natural volume among ETFs launched this year, source: Bloomberg’s Eric Balchunas.

According to @StockMKTNewz, the Rex-Osprey XRP ETF (XRPR) recorded $37.7 million in first-day trading volume, the largest day-one ETF launch this year and surpassing IVES, a data point also noted by Bloomberg’s Eric Balchunas on X. For trading setups, monitor day-two volume retention versus day one, bid-ask spread compression, and primary-market creations as liquidity gauges for XRPR, as highlighted in ETF launch coverage by Eric Balchunas on X. Any sustained XRPR inflows will be tracked alongside XRP (XRP) spot and derivatives volumes for sentiment read-through rather than causation, per ongoing commentary on X from @StockMKTNewz and Eric Balchunas.

According to the source, REXShares has launched the first US spot ETFs for DOGE and XRP with proposed tickers DOJE and XRPR effective today. The source states the announcement does not include an SEC approval order, an effective prospectus, or exchange listing details, preventing verification of tradability. The source indicates no disclosure of custody arrangements, management fees, creation/redemption mechanics, or authorized participants, limiting analysis of liquidity, tracking error, and market-making. The source does not specify the product regulatory structure, so implications for borrow availability and shorting cannot be assessed without primary documents.

According to the source, Rex-Osprey says its U.S. XRP spot ETF (ticker: XRPR) is set to launch this week, but the provided social post includes no SEC effective order, no EDGAR notice of effectiveness, and no exchange listing circular to validate the timing, so the launch date remains unconfirmed pending primary documents (source: provided social post; source: SEC EDGAR; source: exchange issuer notices). For trading decisions, confirmation should come from an SEC effective registration statement on EDGAR, an official listing notice from the listing venue (e.g., Cboe, NYSE Arca, or Nasdaq), and DTCC eligibility details, which are standard prerequisites for a U.S. spot ETF to begin trading (source: SEC; source: Cboe, NYSE Arca, Nasdaq issuer resources; source: DTCC). Until those documents are posted, traders should treat the timing as unverified and manage headline risk in XRP spot, perps funding, and options IV around U.S. hours with conservative sizing and alerts for official filings (source: major exchange and derivatives venue risk disclosures; source: SEC). Once the effective order and listing circular are live, monitor XRPR market-making spreads, XRP basis, and primary market create/redeem activity that can influence XRP liquidity and price discovery, as observed in prior U.S. spot crypto ETF launches (source: SEC approval orders; source: exchange trading statistics).

According to @EricBalchunas, the Doge ETF DOJE is slated to launch on Thursday. Source: @EricBalchunas on X, Sep 15, 2025. According to @EricBalchunas, a 40 Act spot XRP ETF XRPR is also slated to launch on Thursday. Source: @EricBalchunas on X, Sep 15, 2025. According to @EricBalchunas, both ETFs were referenced in the same prospectus that has gone effective. Source: @EricBalchunas on X, Sep 15, 2025. According to @EricBalchunas, Trump and Bonk ETFs were included in that prospectus, but there is no launch date yet for those products. Source: @EricBalchunas on X, Sep 15, 2025.