XRP Today News: Ripple ETF's first day of trading surged to 37.7 million dollars, setting a record for 2025.

The XRP ETF officially launched for trading on September 18, with an impressive first-day performance, achieving a volume of 37.7 million USD, making it the largest volume cryptocurrency ETF on its first day since 2025. Even more astonishing, the ETF attracted 24 million USD in capital inflow within just 90 minutes of opening, far exceeding market expectations, demonstrating the strong demand from institutional investors for regulated XRP investment products, paving the way for the upcoming approval of the pure Spot XRP ETF.

####XRP ETF Explosive Debut: Institutional Demand Exceeds Expectations

All eyes are on the first U.S. ETF that provides investors with the opportunity to invest in XRP Spot. The REX-Osprey XRP ETF (XRPR) was officially launched on Thursday, September 18, and its strong performance even overshadowed the launch of the REX-Osprey DOGE ETF (DOJE) on the same day.

Senior ETF analyst Eric Balchunas expressed his shock: "The volume of the REX-Osprey ETF (XRPR) has reached $24 million. This far exceeded my expectations. Specifically, its volume is 5 times that of any XRP futures ETF's trading volume on the first day, and this has only been 90 minutes."

Balchunas' subsequent update indicates: "On its first day of trading, XRPR reached a trading volume of $37.7 million, surpassing IVES, making it the largest (natural) trading volume of any crypto asset since its launch in 2025." In comparison, the trading volume of the REX-Osprey DOGE ETF was only $6 million, which, while considered "shockingly robust" in the ETF market, still cannot be compared to XRP's performance.

####The Deep Meaning Behind Volume

Traders commonly use volume as a key indicator to assess institutional demand, and the astonishing volume of the XRP ETF clearly shows that the demand for Spot ETFs far exceeds market expectations. The surge in trading volume during the first 90 minutes indicates that there is a significant amount of pent-up demand from institutional investors waiting for regulated products to invest in XRP.

Experts analyze that the 90-minute volume indicator is particularly important because it reflects the stickiness of institutional funds, rather than merely initial tentative investments. This strong start also provides strong support for the future price trend of XRP.

####Shanzhai coin ETF wave strikes: SEC approves GDLC and BITW

On September 18, cryptocurrency ETFs became the focus of investor attention. The U.S. Securities and Exchange Commission (SEC) approved the issuance of the Grayscale Digital Large Cap Fund (GDLC) and the Bitwise 10 Crypto Assets Index Fund (BITW). These two approvals marked the beginning of the altcoin Spot ETF, opening the door for institutional investors.

The day before, the SEC approved the rule change requests from the Chicago Board Options Exchange (Cboe), Nasdaq, and the New York Stock Exchange (NYSE). This rule change means that Commodity Trust Shares (CTS) can be listed and traded under a standardized framework without the need to submit a 19b-4 form, nor go through the SEC's usual 240-day review process.

####XRP Spot ETF Countdown: A Key Decision Coming in October

Currently, there are seven applications for XRP Spot ETF awaiting review by the SEC:

The final approval deadline for 21Shares, Bitwise, Canary Capital, CoinShares, Grayscale, and WisdomTree is from October 18 to 25.

· The final approval deadline for Franklin Templeton is November 14.

Due to the SEC's approval of the universal listing standards for exchanges, the SEC may approve the XRP Spot ETF before the upcoming final decision deadline. Considering the astonishing volume of the REX-Osprey XRP ETF, institutional demand may far exceed market expectations.

Market analysts are particularly focused on whether BlackRock will file for the iShares XRP Trust, which would be seen as an important milestone for XRP in gaining mainstream institutional recognition.

####XRP Price Trends and Technical Analysis: Breaking through $3.2 will open a new journey

(Source: Trading View)

On September 19, XRP is temporarily reported at 3.07 USD, closing above the psychological barrier of 3 USD for the third consecutive trading day.

Technical analysts point out the following key price levels:

Support levels: $3, $2.8, and $2.5

Resistance levels: $3.2, $3.335, and historical high of $3.66

If XRP can break through the key resistance level of $3.2, it may further rise to $3.335 and is expected to challenge the historical high of $3.66.