Ripple and Dogecoin ETFs See Strong Debut With $54.7M in Trading Volume
The post Ripple and Dogecoin ETFs See Strong Debut With $54.7M in Trading Volume appeared on BitcoinEthereumNews.com.
Key highlights: XRPR, the XRP-tracking ETF, recorded $37.7 million in first-day trading, marking the largest ETF debut of 2025. DOJE, the Dogecoin ETF, registered $17 million in volume, ranking among the top five ETF launches this year. Despite high trading activity, both ETFs saw muted price action as they do not directly hold the underlying assets. REX Shares and Osprey Funds launched two new cryptocurrency exchange-traded funds (ETFs) on Thursday, drawing significant investor interest despite their unconventional structure. The XRP-focused XRPR and Dogecoin-tracking DOJE ETFs amassed a combined $54.7 million in first-day trading volume, far surpassing expectations and signaling growing demand for alternative crypto investment vehicles in the U.S. market. XRPR leads with record-setting volume The REX-Osprey XRP ETF (ticker: XRPR) opened trading with a strong showing, reaching $24 million in volume within the first 90 minutes and ending the day at $37.7 million. According to Bloomberg ETF analyst Eric Balchunas, this makes XRPR the top ETF debut of 2025, outpacing all previous launches this year, including the AI-focused IVES ETF. Balchunas noted that XRPR’s volume was five times higher than any XRP futures ETF had achieved on its first day, highlighting unexpected strength in investor demand for exposure to the payments-oriented cryptocurrency. SEMI-SHOCK: Rex XRP ETF $XRPP is already at $24m in volume. That is way more than I would have thought. For context it’s 5x more than any of the XRP futures ETFs did on Day One and it’s only been 90min. pic.twitter.com/DKIDD6noZF — Eric Balchunas (@EricBalchunas) September 18, 2025 DOJE impresses with top-five debut The Dogecoin ETF (ticker: DOJE) also exceeded expectations. Balchunas had predicted around $2.5 million in first-day volume, but DOJE hit nearly $6 million within the first hour and closed the day with $17 million traded. This performance places DOJE among the top five…
Filed under: News - @ September 20, 2025 11:27 pm