19.09.2025 10:27

Defying initial expectations, the debut of the first US-listed exchange-traded funds linked to Dogecoin and XRP generated a remarkable $54.7 million in combined trading volume on Thursday. This surge in investor activity, which far surpasses the typical $1 million first-day average for most new ETFs as noted by a prominent Bloomberg analyst, is being viewed as a highly positive signal. According to internet sources, this successful launch is considered a promising precursor for the wave of additional crypto-related funds currently awaiting regulatory clearance.

Leading the charge was the REX-Osprey XRP ETF (XRPR), which single-handedly set a new record for 2025 with an astonishing $37.7 million in trading volume on its opening day, according to Cboe data. The fund's momentum was evident from the outset, accumulating an impressive $24 million within the first 90 minutes of being available to traders. This performance was described as far exceeding expectations, highlighting that its volume was a staggering five times greater than the debut of earlier XRP futures ETFs.

The REX-Osprey DOGE ETF (DOJE) also delivered a significant surprise, concluding its inaugural trading session with a robust $17 million in volume. This figure dramatically overshadowed initial projections, which had forecasted a much more modest $2.5 million. That lower estimate had been characterized as a potentially "respectable but nothing too special" outcome, a sentiment that was thoroughly eclipsed by the fund's actual first-day performance.