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XRP-ETF breaks records with $38M – Dogecoin-ETF surprises with $17M on day 1

The first US XRP and Dogecoin ETFs kicked off on Thursday with unprecedented numbers.

By Luc Vesters
• 2 min read
XRP-ETF breaks records with $38M – Dogecoin-ETF surprises with $17M on day 1

The first US XRP and Dogecoin ETFs kicked off on Thursday, and they did so with unprecedented numbers. View post on X.

The REX-Osprey XRP ETF (XRPR) topped the list with $37.7 million, marking the largest day-1 volume of any ETF launch in 2025. Within 90 minutes, $24 million had already traded. The REX-Osprey DOGE ETF (DOJE) also surprised, with $17 million—nearly seven times what was expected—and landed in the top-5 of more than 700 ETF launches this year.

Both products were approved under the Investment Company Act of 1940, a structure that uses foreign ETPs and subsidiaries to track the prices of XRP and DOGE. Analysts see the strong start as a bullish signal for the many other crypto ETF applications in SEC pipeline.

Yet the coins themselves didn’t benefit immediately. XRP fell to $3.04, while DOGE slid back to $0.27. Since the start of the year, XRP remains up 45%, with key technical breakouts above the 50-day EMA and a falling resistance line.

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