Spot ETFs tracking XRP and Dogecoin (DOGE) made a strong debut in U.S. markets on Thursday, highlighting growing investor interest in altcoin-focused investment products.
XRP ETF Leads the Pack
The REX-Osprey XRP ETF (XRPR) generated $37.7 million in trading volume on its first day, marking the largest ETF debut of 2025, according to Bloomberg senior ETF analyst Eric Balchunas. This surpasses the previous record held by the Wedbush AI Revolution ETF (IVES) and underscores robust demand for alternatives beyond bitcoin and ether.
XRP recently overtook Citigroup in market capitalization, and Ripple, the company behind the token, has applied for a U.S. banking license, aiming to expand its cross-border payments operations.
Dogecoin ETF Shows Strong Debut
The REX-Osprey Dogecoin ETF (DOJE) saw $17 million in first-day volume, placing it among the top five ETF debuts of the year. Its performance is notable given Dogecoin’s meme status, demonstrating investor appetite for even non-traditional cryptocurrencies.
Regulatory Support Boosts Launches
These successful launches follow the SEC’s streamlined crypto ETF approval process, reducing approval times from around 240 days to roughly 75 days. First-day net inflow figures are expected later Friday.
The combined $54.7 million debut volume highlights strong investor enthusiasm for altcoin-linked ETFs, signaling that digital asset investment is expanding beyond traditional bitcoin and ether products.
