U.S. markets welcomed spot ETFs tied to XRP and Dogecoin (DOGE) on Thursday, marking one of the strongest altcoin-focused ETF debuts of the year.
XRP ETF Sets New Record
The REX-Osprey XRP ETF (XRPR) posted $37.7 million in first-day trading, the largest ETF debut of 2025, according to Bloomberg senior ETF analyst Eric Balchunas. This surpasses previous records, including the Wedbush AI Revolution ETF (IVES), reflecting high investor demand for products linked to cryptocurrencies beyond bitcoin and ether.
XRP recently surpassed Citigroup in market capitalization. Ripple, the company behind XRP, has applied for a U.S. banking license to expand its cross-border payment services.
Dogecoin ETF Also Performs Strongly
The REX-Osprey Dogecoin ETF (DOJE) recorded $17 million in debut trading, ranking among the top five ETF launches this year. The strong showing is particularly notable given Dogecoin’s status as a “meme coin,” highlighting investor interest in diverse digital assets.
Regulatory Changes Aid ETF Rollouts
The successful debuts follow the SEC’s streamlined crypto ETF approval process, which cut listing approval times from roughly 240 days to 75 days. First-day net inflows for both ETFs are expected later Friday.
Combined, the $54.7 million first-day volume underscores growing institutional and retail interest in altcoin-focused ETFs, suggesting a broadening market for cryptocurrencies beyond the traditional leaders.
