Dogecoin and XRP ETFs Smash Expectations with Record-Breaking Debut
The cryptocurrency market made history this week as the first US-listed exchange-traded funds (ETFs) tied to Dogecoin (DOGE) and XRP debuted with a combined trading volume of $54.7 million. These unprecedented numbers significantly surpassed analysts’ expectations and marked a promising milestone for the future of crypto-related financial products.
The Details Behind a Stellar First Day
The leading performer, the REX-Osprey XRP ETF (XRPR), commanded attention with an impressive $37.7 million in volume as reported by Cboe. Bloomberg ETF analyst Eric Balchunas noted that this was the largest one-day performance by any ETF launched in 2025. Astonishingly, XRPR accumulated $24 million in volume within its first 90 minutes of trading, signaling robust demand among investors.
The REX-Osprey Dogecoin ETF (DOJE) followed closely with $17 million in trades. Initially forecasted to hit just $2.5 million, DOJE’s performance placed it among the top five ETF debuts of the year, outshining expectations with flying colors.
What Sets These ETFs Apart?
Unlike last year’s Bitcoin and Ethereum ETFs that were created under the 1933 Securities Act, both XRPR and DOJE were launched under the Investment Company Act of 1940. This framework sped up the approval process from 240 days to a mere 75 but required stricter holding guidelines. Instead of directly owning cryptocurrency, these funds invest in a Cayman Islands-based subsidiary holding digital assets, alongside stakes in European and Canadian exchange-traded products tracking prices of DOGE and XRP.
Why This Matters for Crypto ETFs
These successful launches are a good sign for the dozens of other crypto ETFs currently awaiting regulatory approvals. They also highlight growing interest from investors in altcoin-focused products, including those linked to staking mechanisms. With the Securities and Exchange Commission (SEC) recently approving new ETF listing standards, the pipeline for crypto ETFs is expected to accelerate further, paving the way for innovative investment solutions.
A Product Recommendation for Crypto Enthusiasts
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Final Thoughts
The record-breaking success of DOGE and XRP ETFs demonstrates the increasing appetite for regulated cryptocurrency investment products. Whether you’re a seasoned investor or new to the space, keeping an eye on the crypto ETF market might be your next step toward smart financial decisions. The horizon ahead for altcoin-focused ETFs looks brighter than ever.