XRP and DOGE ETFs see strong performance on first trading day, with combined trading volume reaching $55 million
ChainCatcher reported that the first exchange-traded funds (ETFs) in the United States offering spot exposure to XRP and Dogecoin began trading on Thursday, delivering impressive performances.
The REX-Osprey XRP ETF (ticker XRPR) recorded a first-day trading volume of $37.7 million, setting the highest single-day debut trading volume record this year. The REX-Osprey DOGE ETF (ticker DOJE) saw a trading volume of approximately $17 million, ranking among the top five. Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, stated that this is a positive signal for the upcoming Securities Act of 1933 ETFs. XRPR achieved a trading volume of $24 million within the first 90 minutes of trading, five times that of any XRP futures ETF. DOJE reached nearly $6 million in trading volume within the first hour.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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