XRP and DOGE ETFs Break Records with $54.7M Combined First-Day Trading Volume

Spot exchange-traded funds (ETFs) linked to payment-focused XRP (XRP) and leading meme token Dogecoin (DOGE) launched impressively in the U.S. on Thursday, attracting substantial trading activity. The REX-Osprey XRP ETF, trading under ticker XRPR on CBOE, recorded $37.7 million in volume—the highest debut for any ETF this year, per Bloomberg senior ETF analyst Eric Balchunas. This surpassed the previous record held by Dan Ives' Wedbush AI Revolution ETF (IVES), indicating robust investor interest in crypto assets beyond Bitcoin and Ethereum. XRP's market cap recently exceeded that of banking giant Citigroup, and Ripple—XRP's parent company specializing in cross-border payments—has applied for a U.S. banking license. The REX-Osprey Dogecoin ETF (DOJE) also saw strong demand, with $17 million in first-day volume, ranking among the year's top five ETF launches. DOJE's performance is significant given Dogecoin's meme token status. These successful debuts follow the SEC's new streamlined crypto ETF approval process, cutting review times from 240 to about 75 days. First-day net inflow data is anticipated Friday.