The latest crypto exchange-traded funds hit the market on Thursday and did so in somewhat historic fashion.
The REX-Osprey XRP ETF (ticker XRPR) finished the day trading $37.7 million in volume, which is the largest day-one volume launch of the year, according to Bloomberg. The REX-Osprey DOGE ETF (DOJE) did about $17 million in volume, which puts it in the top five.
“Good sign for the onslaught of 33 Act ETFs coming soon,” Bloomberg Intelligence Senior ETF Analyst Eric Balchunas said in a post on X. The Securities Act of 1933 was used by issuers of spot Bitcoin and Ethereum ETFs.
Rex Shares and Osprey registered the two products under the Investment Company Act of 1940 — a federal law that regulates investment funds that pool capital from investors to pursue a common investment strategy. While the funds are obligated to maintain direct holdings of the underlying tokens, like BTC and ETH ETFs, their prospectuses provide flexibility to supplement that exposure with foreign spot ETFs or similar instruments if required.
XRPR did $24 million in volume in the first 90 minutes alone, which is five times more than any of the XRP futures ETFs did, Balchunas said. Meanwhile, DOJE posted nearly $6 million in its first hour.
“That’s shockingly solid… Most ETFs trade under $1m on Day One,” Balchunas said.
Coincidentally, the U.S. Securities and Exchange Commission on Wednesday approved new exchange listing standards that will help fast-track crypto ETF listings. There’s a “good chance” that over 100 crypto ETFs will be launched in the next year, Balchunas said.
The price of the XRP, which is the third-largest cryptocurrency, remained flat over the past 24 hours to trade at $3.08, according to The Block’s price data. Dogecoin, which is the eighth-largest cryptocurrency by market cap, edged down 0.5% to $0.28.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
