XRP ETF Posts Strong Debut Volume, May Signal Broader Interest in New Dogecoin and XRP Funds

  • Strong debut volumes: XRPR ≈ $37.7M, DOJE ≈ $17M on day one.

  • Both funds were launched by REX Shares and Osprey Funds under the Investment Company Act of 1940.

  • Trading data reported by market analysts and exchange sources show >$54M total debut volume.

XRP ETF and Dogecoin ETF saw $54M+ debut volume; read quick analysis and next steps for crypto ETF markets. Stay informed with COINOTAG coverage.






What happened when the XRP and Dogecoin ETFs launched?

The XRP ETF and Dogecoin ETF launched to stronger-than-expected trading volumes on their first U.S. trading day, together generating about $54.7 million in volume. Market commentators and exchange-traded product analysts highlighted the outsized debut activity as a positive signal for upcoming crypto ETF launches.

How large were the debut volumes and which ETF led?

Data compiled from industry analysts and exchange sources show the REX‑Osprey XRPR ETF recorded approximately $37.7 million in day-one volume, while the REX‑Osprey DOJE ETF traded about $17 million. Early intraday figures indicated XRPR took in roughly $24 million within its first 90 minutes.

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Source: Eric Balchunas

Why did investors buy these ETFs despite structural limits?

Investors prioritized price exposure and accessibility over direct custody of crypto. XRPR and DOJE are registered under the Investment Company Act of 1940 and do not hold crypto directly; they invest via a Cayman Islands subsidiary and by buying shares of foreign ETPs that track XRP and DOGE. This structure can limit holdings but speeds regulatory processing.

What does registration under the 40 Act mean for these ETFs?

The 40 Act provides a shorter SEC review window (75 days) than the 33 Act (240 days), but imposes restrictions on holdings and structure. Fund sponsors used the 40 Act route to accelerate approval, accepting operational limits in exchange for a faster market launch.

Frequently Asked Questions

How much volume did the XRPR ETF trade on day one?

XRPR traded about $37.7 million on its debut, with roughly $24 million occurring in the first 90 minutes, according to market analysts and exchange data.

Did the Dogecoin ETF meet expectations?

DOJE far exceeded initial conservative expectations, finishing around $17 million on day one — placing it among the top-five day-one volumes for ETFs launched this year.

Key Takeaways

  • Large debut volumes: XRPR ≈ $37.7M and DOJE ≈ $17M, totaling ~ $54.7M.
  • 40 Act registration: Both ETFs used the Investment Company Act of 1940, trading via subsidiaries and foreign ETPs rather than direct custody.
  • Market signal: Strong day-one volume is seen as an encouraging indicator for other pending crypto ETF launches.

Conclusion

XRPR and DOJE’s robust debut volumes show clear investor appetite for regulated XRP and Dogecoin exposure. While the 40 Act structure constrains direct holdings, the day-one trading activity suggests both retail and institutional participants are comfortable accessing crypto prices through novel ETF wrappers. Expect continued scrutiny of subsequent filings and performance metrics as the market digests these launches.

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