How did XRPR wrap up its first trading session? Eric Balchunas shared the session highlights, stating:
“XRPR traded $37.7m on Day One, which edges out IVES for the biggest day one (natural) $ volume of any 2025 launch.”
Notably, XRP reached a five-day intraday high of $3.1397 before easing back. The bigger question will be whether day one volumes were enough to lure BlackRock (BLK) into applying for an iShares XRP Trust.
Altcoin-spot ETFs Enter the Market
Crypto ETFs were on the menu for investors on Thursday, September 18. The SEC approved the launches of the Grayscale Digital Large Cap Fund (GDLC) and Bitwise 10 Crypto Index Fund (BITW). The approvals kicked off the altcoin-spot ETF season, opening the door to institutional investors.
The approval followed the SEC green-lighting the Cboe, Nasdaq, and NYSE’s rule change request the previous day. The rule change means that…
