XRP and Dogecoin ETFs Break Records with $54.7M Day-One Trading

The Dogecoin (DOGE) and XRP spot Exchange-Traded Funds (ETFs) experienced unprecedented first-day trading volumes. This is a landmark moment for the U.S. cryptocurrency market, as the two newly launched ETFs broke records on their first day of trading. This underscores the growing investor enthusiasm for digital assets beyond  Bitcoin (BTC) and Ethereum (ETH). The ETFs made a combined $54.7 million on the first day of Trading.

XRP and DOGE ETFs Break Records

The REX-Osprey XRP ETF is listed on the Chicago Board Options Exchange (CBOE) under the ticker: XRPR. It had an impressive $37.7 million in day-one trading volume. According to Eric Balchunas, Senior ETF Analyst at Bloomberg, this represents one of the largest debuts for any ETF in 2025. It also surpassed the high-profile launch of Wedbush AI Revolution ETF (IVES) by Dan Ives.

Meanwhile, the REX-Osprey Dogecoin ETF (ticker: DOJE) generated $17 million in trading activity on its first day, placing it among the top five ETF debuts of the year. The result is especially impressive because Dogecoin started off as a meme cryptocurrency, which shows how remarkable it is that it has stayed popular in conventional financial markets. Analysts say that DOJE's success shows that both retail and institutional investors are still interested in a wide range of crypto investment products.

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The launches come after the SEC approved a faster listing procedure for crypto ETFs, cutting the average time it takes to get approval from 240 days to only 75. People have praised this change in rules as a way to speed up the process of adding digital assets to regular investing portfolios.

Combined, the XRP and Dogecoin ETFs amassed $54.7 million in day-one volume, signaling a strong start that could encourage additional altcoin-linked ETFs in the months ahead. Investors are eagerly waiting for the first-day net inflow statistics, which are likely to come out later on Friday. This will help them figure out how much new money came into these funds compared to the market’s normal churn.

The record-breaking debuts of XRPR and DOJE are a turning point for crypto ETFs in the US. They could lead to more adoption of digital assets in regulated financial markets. The record-breaking debuts of XRPR and DOJE mark a turning point for crypto ETFs in the United States, potentially paving the way for broader acceptance of digital assets in regulated financial markets.