19.09.2025 17:23

In a significant milestone for the cryptocurrency market, spot exchange-traded funds (ETFs) providing direct exposure to Dogecoin (DOGE) and XRP made their US trading debut. A collaborative venture between REX Shares and Osprey Funds unveiled the REX-Osprey XRP ETF (XRPR) and the REX-Osprey DOGE ETF (DOJE). These pioneering financial products now offer investors a regulated pathway to gain spot-based access to the two prominent digital assets through traditional stock exchanges.

Investor enthusiasm for the long-awaited Dogecoin and XRP funds surged immediately, with first-day trading volumes dramatically exceeding initial forecasts. Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the impressive performance, noting that the REX-Osprey XRP ETF (XRPR) amassed an astounding $37.7 million in volume. Meanwhile, the DOGE counterpart also posted a strong debut with $17 million in volume. Balchunas stated, "The XRP ETF XRPR's $37.7 million volume on its first day surpasses all other new launches this year. DOJE's $17 million is also exceptionally strong, ranking it in the top 5 out of 710 launches, confirming that both are among the best-performing ETF debuts of the year."

Balchunas further suggested that this robust influx of capital is a highly positive signal for the prospective approval of additional altcoin ETFs in the near future. The analyst candidly admitted that the performance completely shattered his own conservative projections, as he had initially anticipated the REX-Osprey DOGE ETF (DOJE) would achieve a volume of around $2.5 million. That forecast was invalidated within the first hour of trading when the fund's volume neared $6 million. "This is surprisingly strong and exceeded my expectations," Balchunas remarked, adding context that "most ETFs trade below $1 million on the first day."