XRP and Dogecoin ETF Debuts Spur Altcoin ETF Inflows of $55M
Rex Shares’ XRP ETF (XRPR) and Osprey Funds’ Dogecoin ETF (DOJE) together attracted $55 million in first-day ETF inflows, marking the strongest ETF launches of 2025 under the SEC’s new generic listing standards. The XRP ETF opened with $38 million, while the Dogecoin ETF saw $17 million, far exceeding initial forecasts. Both altcoin ETFs are structured via Cayman Islands subsidiaries under the Investment Company Act of 1940, offering regulated investment wrappers. Over 90 altcoin ETF applications remain pending with the SEC, signalling a growing pipeline of products. On debut, XRP traded near $3.01 (down 3%) and DOGE around $0.27 (down 6%), reflecting short-term volatility amid profit-taking. Bloomberg analyst Eric Balchunas noted the robust first-day volumes as a positive indicator for future altcoin ETF launches. Traders should monitor ongoing SEC approvals and ETF inflows to assess long-term impact on altcoin liquidity and market stability.
Bearish
Although the record $55 million in altcoin ETF inflows highlights robust institutional demand, both XRP and DOGE dipped on debut—XRP by 3% and DOGE by 6%—as traders took profits amid heightened volatility. In the short term, this profit-taking pressure may keep prices under pressure. However, the strong first-day volumes under the 1940 Act framework and pending SEC approvals for over 90 altcoin ETF applications suggest a bullish outlook for long-term liquidity and institutional adoption. Traders should weigh short-term bearish price moves against longer-term gains from increased market participation.