WP_Query order by date in meta_value

change your args as bellow

$args = array(
    'post_type'  => 'your_post_type',
    'orderby'    => 'meta_value',
    'meta_query' => array(array('key' => 'releaseDate')),
    'order'      => 'ASC',
    'paged'      =>$paged,
);

If you get the results ordered other way around, change 'order' => 'DESC', You’ll get the correct order.

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