The REX Osprey XRP ETF, America's first XRP exchange-traded fund, experienced a 6% drop upon its market debut, reaching a low of $23.57 before stabilizing at $23.62. The ETF's trading volume was notably low, with only 131,000 shares exchanged compared to its average of one million, highlighting concerns over liquidity and speculative inflows. Concurrently, XRP prices on Bitstamp mirrored this volatility, dropping to $2.70 before recovering to $2.85.