REX-Osprey’s XRP and DOGE ETFs Explode with $54M Trading Volume on Launch Day

Wall Street meets meme coins—and the numbers don't lie.

Volume speaks louder than words

REX-Osprey’s freshly launched XRP and DOGE ETFs racked up $54 million in trades right out the gate. Not bad for a product blending established crypto infrastructure with… well, Dogecoin. The street’s clearly hungry for anything that smells like returns—even if it’s packaged with an asset that started as a joke.

Institutional embrace or just FOMO?

Traders piled in, pushing volume toward the higher end of debut expectations. XRP brought regulatory clarity and a loyal base; DOGE brought Elon tweets and diamond-handed devotees. Together, they drew both serious money and speculative plays—proving once again that in modern finance, narrative often trumps fundamentals.

So yeah—another day, another ETF. Because if there’s one thing finance loves more than innovation, it’s a well-wrapped product that lets you bet on literally anything. Even a meme.

Dogecoin ETF Also Surprises

Meanwhile, the REX-Osprey dogecoin ETF (ticker: DOJE) also smashed expectations. Balchunas initially predicted $2.5 million in first-day volume, but DOJE closed Thursday with $17 million in trades, placing it among the top five ETF debuts of the year. Dogecoin, the largest memecoin by market cap, is priced at about $0.28, down 1.78% in the last 24 hours.

Setting the over/under on $DOJE volume on Day One at $2.5 million (which is respectable table but nothing too special). The fact that’s it 40 Act and not 33 Act (and is not big boy issuer) could diminish interest a bit relative to other crypto first evers. We’ll soon find out.

Both funds are registered under the Investment Company Act of 1940 (40 Act), unlike Bitcoin and Ether ETFs launched under the 1933 Act. While the 40 Act has stricter rules, it allows faster approval. The ETFs do not hold crypto directly but gain exposure through offshore subsidiaries and foreign exchange-traded products.

Analysts say the strong debut signals growing appetite for crypto ETFs beyond bitcoin and Ether. Balchunas called it a “good sign” for the wave of altcoin and staking-focused funds waiting for regulatory approval.

With the SEC recently approving new listing standards to speed up ETF launches, more crypto assets could soon join XRP and Dogecoin in the spotlight.

Also Read: REX-Osprey Solana Staking ETF Hits $250M as SOL price Soars