Altcoins News

Story: XRP ETF Records $37.7M on First Trading Day as Dogecoin Fund Gains $17M

By Pankaj K

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XRP ETF leads with $37.7 million. The REX-Osprey XRP ETF (ticker: XRPR) took the lead with $37.

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Dogecoin ETF exceeds expectations. The second product, the REX-Osprey Dogecoin ETF (DOJE), also delivered better-than-expected results.

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Regulatory framework and structure. Both XRPR and DOJE were created under the Investment Company Act of 1940, also known as the “40 Act.

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Why this matters for crypto ETFs. The success of XRPR and DOJE suggests that demand for crypto-related ETFs extends beyond the two…

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XRP and Dogecoin market context. XRP is currently priced around $3.03, securing its position as the third-largest cryptocurrency by…

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Looking ahead. The key question now is whether the trading volumes will remain high beyond the first week.

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The U.S. crypto investment market saw a major step forward this week as new exchange-traded funds tied to XRP and Dogecoin began trading.

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The numbers went far beyond what analysts had expected, signaling that investors are increasingly open to gaining crypto exposure through traditional financial instruments.

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The REX-Osprey XRP ETF (ticker: XRPR) took the lead with $37.7 million in trading activity on its debut day.

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For comparison, most new ETFs typically see around $1 million in daily turnover when they begin trading.

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Balchunas highlighted that within the first 90 minutes, XRPR had already surpassed $24 million in trades.

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The results show that interest in XRP remains strong, with many investors preferring the security and accessibility of ETFs over holding the token directly.

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The second product, the REX-Osprey Dogecoin ETF (DOJE), also delivered better-than-expected results. Before trading began, analysts predicted daily activity of around $2.5 million.

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In fact, the volume placed it among the top five ETF debuts in 2025, out of more than 700 new products listed this year.

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The strong showing reflects Dogecoin’s enduring popularity and growing recognition in traditional markets, even though many still consider it an unconventional asset.

The Currency Analytics

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