XRP and DOGE ETFs Smash Records with $54.7M Combined Day-One Volume
The impressive first day debut highlights growing investor appetite for alternative investment vehicles tied to altcoins.
The REX-Osprey XRP ETF recorded the highest debut volume of any ETF this year, surpassing $37 million.
The DOJE ETF registered a volume of $17 million.
The impressive first day debut highlights growing investor appetite for altcoins.
Spot exchange-traded funds (ETFs) tied to the payments-focused XRP
XRP
$3.0448
and the top meme token, dogecoin
DOGE
$0.2759
, debuted in the U.S. on Thursday with a bang, drawing significant trading volume.
The REX-Osprey XRP ETF, listed on the CBOE under the ticker XRPR, registered a trading volume of $37.7 million, marking the largest debut volume of any ETF launch this year, according to data shared by Bloomberg senior ETF analyst Eric Balchunas.
This first-day tally outpaced the previous record holder, Dan Ives’ Wedbush AI Revolution ETF (IVES), signaling strong investor appetite for alternative investment vehicles linked to coins beyond Bitcoin
BTC
$116,930.90
and Ether (ETH).
XRP’s market capitalization recently surpassed that of traditional banking giant Citigroup. Furthermore, Ripple, the company behind XRP, which facilitates cross-border transactions, has applied for a banking license in the U.S.$XRP
$DOGE
$BTC