Spot exchange-traded funds (ETFs) tied to the payments-focused XRP XRP$3.0023 and the top meme token, dogecoin DOGE$0.2657, debuted in the U.S. on Thursday with a bang, drawing significant trading volume.
The REX-Osprey XRP ETF, listed on Cboe under the ticker XRPR, registered a trading volume of $37.7 million, marking the largest debut volume of any ETF launch this year, according to data shared by Bloomberg senior ETF analyst Eric Balchunas.
This first-day tally outpaced the previous record holder, Dan Ives’ Wedbush AI Revolution ETF (IVES), signaling strong investor appetite for alternative investment vehicles linked to coins beyond bitcoin BTC$115,481.16 and ether (ETH).
XRP’s market capitalization recently surpassed that of traditional banking giant Citigroup. Furthermore, Ripple, the company behind XRP, which facilitates cross-border transactions, has applied for a banking license in the U.S.
Traders also embraced the REX-Osprey Dogecoin ETF, ticker DOJE, which generated a first-day volume of $17 million. This placed DOJE among the top five ETF debuts of the year.
DOJE’s strong performance is notable given Dogecoin’s reputation as a non-serious memecoin.
The successful start to these two ETFs follows the Securities and Exchange Commission’s decision to approve a new, streamlined listing standard for crypto ETFs, reducing approval times to about 75 days from 240 days.
First-day net inflow figures are expected to be released later Friday.
Source: https://www.coindesk.com/markets/2025/09/19/xrp-and-doge-etfs-smash-records-with-usd54-million-combined-day-one-volume
