📊 ETF on XRP and Dogecoin started with $55 million in turnover

🗓 On September 18, spot ETFs based on XRP (XRPR) and Dogecoin (DOJE) were launched in the USA by REX Shares and Osprey Funds. The debut session brought a total trading volume of $55 million, reported Bloomberg analyst Eric Balchunas.

1️⃣ XRPR — $37.7 million (leader among all launches in 2025).

2️⃣ DOJE — $17 million (fifth place out of 710 new funds for the year).

📈 For comparison: in the first 90 minutes, the XRP ETF exceeded a turnover of $24 million — many times more than its futures counterparts. Usually, new funds start with volumes less than $1 million.

⚠️ However, it's important: these products are not "classic" ETFs under the 1933 Act. They are registered under the 1940 Act and invest through structures in the Cayman Islands, as well as purchase shares in foreign funds.

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