XRP spot ETF XRPR recorded nearly $38 million in first-day volume, making it the largest organic ETF launch of 2025 so far and signalling rising investor demand for spot crypto products. Rex‑Osprey’s Dogecoin ETF also debuted strongly with about $17 million, placing it among the top five launches.
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XRPR ETF: ~$38M first‑day organic volume, largest organic launch of 2025
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Dogecoin (DOJE) ETF posted ~$17M first‑day volume, ranking top 5 among 2025 launches
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Issuers vying for spot XRP ETFs include Franklin Templeton, Bitwise, and Canary Capital; 33 Act ETF wave expected
XRP spot ETF debut: XRPR logged nearly $38M first‑day volume, signaling investor demand ahead of the 33 Act ETF wave. Read the top takeaways and issuer list now.
What is the XRPR ETF’s first‑day performance?
XRPR ETF recorded nearly $38 million in first‑day volume, making it the largest organic ETF launch of 2025 to date. This figure—reported publicly by Bloomberg ETF analyst Eric Balchunas as organic or “natural” volume—indicates strong investor-driven demand for this synthetic, trust‑like spot product.
How does “natural” volume affect ETF launch significance?
“Natural” volume refers to trading pushed by real investor orders rather than manufactured or promotional flows. Natural first‑day volume of ~$38M for XRPR suggests genuine investor interest and provides a stronger market signal than inflated or institutional seeding alone.
The XRPR ETF’s structure is unorthodox: it offers synthetic exposure through a trust‑like product and therefore bypasses a conventional SEC approval pathway. Despite that, its organic debut performance is being read as a bullish indicator for forthcoming 33 Act spot ETFs.
Why are spot ETF expectations rising?
Front‑loaded investor interest and a string of pending filings have created elevated spot ETF expectations. Market participants see XRPR’s launch as a proof point that demand exists across both major tokens and meme coins, improving the odds for future 33 Act ETF rollouts.
Major issuers listed as preparing spot XRP ETF filings include Franklin Templeton, Bitwise, and Canary Capital. These firms’ participation adds industry credibility and scale to the anticipated ETF wave.
How did Rex‑Osprey’s Dogecoin ETF perform?
Rex‑Osprey’s Dogecoin (DOJE) ETF posted roughly $17 million in first‑day volume, placing it among the top five ETF launches of 2025. With more than 700 ETFs launched this year, a top‑five debut highlights retail and speculative interest even for meme‑coin product wrappers.
Frequently Asked Questions
Was XRPR the largest organic ETF launch of 2025?
Yes. XRPR’s nearly $38M first‑day organic volume surpassed Dan Ives’ Wedbush AI Revolution ETF (IVES) to become the biggest organic launch of 2025 at the time of reporting.
Does XRPR require SEC approval like a typical spot ETF?
No. XRPR is a trust‑like, synthetic product that does not follow the standard SEC spot ETF approval path, which affects regulatory treatment and market expectations.
What does the Dogecoin ETF’s debut mean for meme coin products?
DOJE’s ~$17M first‑day volume shows there is measurable demand for meme coin ETFs, suggesting product designers and issuers can attract capital even for non‑blue‑chip token wrappers.
Key Takeaways
- Strong organic debut: XRPR’s ~ $38M first‑day natural volume marks the largest organic ETF launch of 2025 so far.
- Meme coin demand exists: Rex‑Osprey’s DOJE ETF reached ~$17M on day one, making it a top‑five launch amid 700+ ETFs this year.
- 33 Act ETF wave: XRPR’s performance strengthens expectations for an onslaught of 33 Act spot ETFs from established issuers.
Conclusion
XRPR’s near‑$38M first‑day organic volume and DOJE’s ~$17M debut together point to a broader market appetite for both large‑cap and meme‑token ETF wrappers. Market watchers should monitor upcoming filings from Franklin Templeton, Bitwise, and Canary Capital as the 33 Act ETF wave approaches. COINOTAG will continue to track developments and report updates as filings and trading data evolve.
