XRP and Dogecoin entered the U.S. ETF market with remarkable debuts, generating a combined $54.7 million in first-day trading. The REX-Osprey XRP ETF (XRPR), trading on CBOE, led the way with $37.7 million, setting the highest launch volume for any ETF this year, according to Bloomberg’s Eric Balchunas. That figure even surpassed the debut of the Wedbush AI Revolution ETF, showing strong investor interest in alternatives to Bitcoin and Ethereum.
Meanwhile, the REX-Osprey Dogecoin ETF (DOJE) secured $17 million in volume, placing it among the top-five ETF launches of 2025. The success underscores Dogecoin’s surprising institutional appeal despite its meme status.
These launches followed the SEC’s new streamlined approval process, cutting listing timelines to 75 days. Adding to the excitement, Ripple — the company tied to XRP — recently surpassed Citigroup in market capitalization and has applied for a U.S. banking license, marking a significant push into mainstream finance.
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