“Record-Breaking $54.7M Combined Volume for XRP and DOGE ETFs on Launch Day”

Spot ETFs tied to XRP and Dogecoin (DOGE) made a strong debut in the U.S. on Thursday, highlighting growing investor demand for altcoin-focused investment vehicles.

XRP ETF Tops Debut Charts

The REX-Osprey XRP ETF (XRPR) saw $37.7 million in first-day trading, marking 2025’s largest ETF launch, according to Bloomberg senior ETF analyst Eric Balchunas. The debut eclipsed the previous record held by the Wedbush AI Revolution ETF (IVES), signaling strong investor appetite for alternatives beyond bitcoin and ether.

XRP’s market capitalization recently surpassed that of Citigroup, while Ripple, the company behind the token, has filed for a U.S. banking license to expand cross-border payment services.

Dogecoin ETF Also Draws Strong Volume

The REX-Osprey Dogecoin ETF (DOJE) recorded $17 million in first-day trading, placing it among the top five ETF debuts of the year. This performance is especially notable given Dogecoin’s reputation as a “meme coin,” underscoring investor enthusiasm for even non-traditional digital assets.

Regulatory Tailwinds Support Launches

The strong start follows the SEC’s streamlined crypto ETF listing standard, which cut approval times from roughly 240 days to around 75 days. First-day net inflows are expected later Friday.

The combined $54.7 million in debut volume reflects robust demand for altcoin-linked ETFs, signaling continued institutional and retail interest in cryptocurrencies beyond bitcoin and ether.