XRP & DOGE Spot ETFs Post $37.7M/$17M Debut Volumes
Rex-Osprey’s XRP Spot ETF launched on September 19 with a first-day trading volume of $37.7 million, far exceeding the roughly $1 million typical at new ETF debuts. The DOGE Spot ETF from the same issuer recorded $17 million in opening volume, placing both products among the top five ETF launches of the year.
Bloomberg analyst Eric Balchunas highlighted the elevated liquidity and strong investor participation in these spot ETFs, signaling growing demand for crypto exposure on regulated markets. Early performance of the XRP Spot ETF and the DOGE Spot ETF suggests robust investor interest.
Traders will watch ongoing trading volume, assets under management (AUM) and bid-ask spreads. Sustained high debut volumes could reflect durable capital inflows and set a new benchmark for future spot ETF launches.
Bullish
The record first-day trading volumes for the XRP Spot ETF and DOGE Spot ETF demonstrate strong investor appetite and liquidity. In the short term, sustained high debut volumes may drive price support as capital flows into XRP and DOGE via regulated channels. Over the long term, successful ETF performance can attract institutional investors, improve market stability and broaden the investor base, reinforcing bullish momentum for both tokens.