XRP and Dogecoin ETFs set record volumes in U.S. market debut

XRP and Dogecoin ETFs set record volumes in U.S. market debut
XRP, Dogecoin ETFs post $54.7M debut

​Spot exchange-traded funds (ETFs) tied to XRP and Dogecoin made a historic debut on U.S. markets Thursday, smashing records with a combined $54.7 million in day-one trading volume. The REX-Osprey XRP ETF alone registered $37.7 million, making it the most successful ETF launch of 2025, while the Dogecoin ETF logged $17 million.

The strong debut highlights surging investor appetite for altcoins, following the regulatory approval of spot ETFs earlier this year. Analysts said the turnout signals a shift toward broader crypto adoption in traditional finance, with investors eager for exposure beyond Bitcoin and Ethereum.

Key takeaways

- The REX-Osprey XRP ETF hit $37.7M in volume, the highest for any ETF this year.

- The DOJE ETF added $17M in trading, showing demand for meme coin exposure.

- Both funds, listed on the Cboe BZX Exchange, are designed to provide spot exposure under regulated safeguards.

- Broader implications: The launches mark a step forward in integrating alternative cryptocurrencies into mainstream financial products.

XRP ETF leads with $37.7 million

The XRP ETF, trading under ticker XRPR, drew the largest first-day volume of any ETF launched this year, according to Bloomberg’s Eric Balchunas. Designed to track XRP’s spot performance, the fund holds the majority of its assets directly in the cryptocurrency, with the remainder allocated to XRP-backed products. 

 

Analysts view the strong demand as a sign of growing confidence in Ripple’s ecosystem and investor appetite for regulated exposure.

XRP price dynamics (September 2025). Source: TradingView

Dogecoin ETF adds $17 million

Meanwhile, the Dogecoin ETF, listed under ticker DOJE, delivered $17 million in trading volume, underscoring retail and institutional demand for meme coins in structured financial products. 

The launch comes amid Dogecoin’s rising visibility in payments and community-driven adoption.

Implications for crypto ETFs

The combined debut volume of $54.7 million positions these ETFs well ahead of earlier futures-based offerings, which saw more muted starts. Analysts suggest the launches could pave the way for additional altcoin ETFs if demand continues. 

Both funds are expected to broaden liquidity and provide new entry points for investors seeking diversified crypto exposure.

Conclusion

The debut of the XRP and Dogecoin ETFs represents a milestone for crypto’s integration into traditional markets. With robust first-day demand, the launches signal investor enthusiasm for regulated altcoin exposure and could influence future product approvals. Market participants will now watch whether the strong start translates into sustained flows and deeper liquidity.

We also reported that whales unload 40 million XRP as ETF launches disappoint.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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