The first Dogecoin and XRP exchange-traded funds in the US exceeded expectations on their debut trading day, with $54.7 million in trades compared to the usual $1 million. The REX-Osprey XRP ETF (XRPR) saw $37.7 million in volume, the biggest day one in 2025 launches.

The Dogecoin-tracking REX-Osprey DOGE ETF (DOJE) surpassed expectations, nearing $6 million in volume within the first hour of trading and finishing the day with $17 million traded. This performance was considered “shockingly solid” by analysts.

REX and Osprey launched their ETFs under the Investment Company Act of 1940, a different securities law compared to previous crypto ETFs. Despite this difference, investors showed strong interest in the ETFs, indicating a positive market response to these new offerings.

Read more at Cointelegraph: US First-Ever XRP, DOGE ETFs Surpass Volume Expectations