XRP Spot ETF Debuts with $37.7M First-Day Volume, Far Exceeding Typical $1M New ETF
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COINOTAG News, September 19: Bloomberg ETF analyst Eric Balchunas reported that the Rex‑Osprey XRP spot ETF and the DOGE spot ETF recorded first‑day trading volumes of $37.7 million and $17 million, respectively.
Those figures are materially higher than the roughly $1 million typically seen at many ETF launches, indicating elevated liquidity and stronger initial investor participation. Balchunas characterized the new products as “holding their own,” a pragmatic assessment of debut trading performance.
Market observers will monitor subsequent trading volume, assets under management (AUM) and bid‑ask spreads to determine if the elevated opening activity for these spot ETFs persists and reflects durable capital inflows.