“New XRP and DOGE ETFs Set a New Benchmark with $54.7M in First-Day Trading”

U.S. investors turned out in force for the debut of spot ETFs tied to XRP and Dogecoin (DOGE) on Thursday, highlighting growing demand for crypto investment vehicles beyond bitcoin and ether.

XRP ETF Leads the Charge

The REX-Osprey XRP ETF (XRPR) registered $37.7 million in first-day trading, marking the largest ETF launch of 2025, according to Bloomberg senior ETF analyst Eric Balchunas. This debut surpassed the previous record set by the Wedbush AI Revolution ETF (IVES), signaling strong appetite for altcoin-linked products.

XRP’s market capitalization recently overtook that of Citigroup, while Ripple, the company behind XRP, has applied for a U.S. banking license to support its cross-border payments business.

Dogecoin ETF Draws Strong Interest

The REX-Osprey Dogecoin ETF (DOJE) saw $17 million in trading on its first day, placing it among the top five ETF launches this year. The strong start is particularly notable given Dogecoin’s reputation as a “meme coin,” demonstrating broad investor interest even in non-traditional cryptocurrencies.

Regulatory Support Accelerates Launches

These record-breaking debuts follow the SEC’s new streamlined listing standard for crypto ETFs, which has reduced approval times from around 240 days to approximately 75 days. First-day net inflows for both ETFs are expected later Friday.

The combined $54.7 million trading volume underscores strong institutional and retail demand for altcoin-focused ETFs, suggesting that digital asset investment is moving beyond bitcoin and ether into a broader market.

About The Author

ctleditor

See author's posts