First-day trading volume for XRP and Dogecoin ETFs totals $54.7 million
The world of cryptocurrency investment took a significant step forward this week with the launch of two new Exchange-Traded Funds (ETFs) focused on XRP and Dogecoin. The REX-Osprey XRP ETF (XRPR) and the Dogecoin ETF (DOJE), jointly launched by REX Shares and Osprey Funds, have made a strong entrance into the market.
These new ETFs purchase shares in foreign exchange-traded products based in Europe and Canada that track the prices of XRP and DOGE. The REX-Osprey XRP ETF (XRPR) had a first-day trading volume of $37.7 million, the biggest for any 2025 ETF launch, while the Dogecoin ETF (DOJE) accumulated $17 million in volume by the end of Thursday's trading session. The combined first-day trading volume of the two ETFs reached an impressive $54.7 million.
The early success of these ETFs suggests a growing investor appetite for diverse cryptocurrency exposure through regulated investment vehicles. The Dogecoin ETF (DOJE) placed among the top five ETF launches this year, and the REX-Osprey XRP ETF (XRPR) reached $24 million in volume within 90 minutes of market opening.
The launch of these specialized cryptocurrency ETFs represents another step in the integration of digital assets into traditional financial markets. The Securities and Exchange Commission (SEC) approved new ETF listing standards on Wednesday, which may speed up the approval process for future cryptocurrency-related investment products.
The REX-Osprey XRP ETF (XRPR) and the Dogecoin ETF (DOJE) offer investors exposure to XRP, the third-largest cryptocurrency, and Dogecoin, the eighth-largest cryptocurrency and biggest memecoin by market capitalization. However, it's important to note that these ETFs don't directly hold cryptocurrencies; they invest in Cayman Islands-based subsidiaries that hold the digital assets.
Additional crypto-related ETFs tied to various altcoins or featuring novel instruments such as staking are awaiting approval, indicating the market for cryptocurrency investment products continues to evolve. The SEC's new ETF listing standards could accelerate future crypto ETF approvals, further fueling this growth.
The success of the REX-Osprey XRP ETF (XRPR) and the Dogecoin ETF (DOJE) marks a significant milestone in the cryptocurrency industry. As these ETFs provide a regulated and accessible way for investors to gain exposure to popular cryptocurrencies, we can expect to see more such offerings in the future.
