XRP and DOGE ETFs Debut: How Are They Doing?

The long-awaited arrival of XRP and Dogecoin ETFs has brought a fresh wave of attention to the crypto markets. 

With strong first-day trading volumes, these funds highlight rising investor demand for regulated altcoin exposure beyond Bitcoin and Ethereum.

Despite the enthusiasm, the underlying token prices of XRP and DOGE have shown short-term pullbacks. This raises questions about whether ETF demand can translate into lasting price support for these popular cryptocurrencies.

XRP ETF Debut with Record Trading Volume

The Rex-Osprey XRP ETF (ticker XRPR) recorded the strongest debut of any US ETF in 2025. It saw nearly $38 million in trading volume on day one, including $24 million in the first 90 minutes.

Such numbers were five times higher than the opening hour of any crypto futures ETF launched this year, showing clear institutional and retail interest in XRP as a regulated investment option. However, XRP’s spot price slipped around 3% after the launch, settling above $3.00 compared to its $3.15 high.

Dogecoin ETF Launch and Market Impact

The Rex-Osprey Dogecoin ETF (ticker DOJE) also had an impressive start with $17 million in first-day trading volume. That performance ranked it among the top five ETF debuts of 2025.

Dogecoin’s price spiked to a seven-month high of $0.29 during the debut but later cooled to $0.2735, reflecting a 2% dip. While the ETF demonstrated strong market appetite, the enthusiasm has yet to fully translate into sustained spot price momentum.

Read more: XRP vs AI Crypto: Which Will Be More Profitable in 2025?

Regulatory Pathways and ETF Structure

Both ETFs use a Cayman Islands subsidiary structure under the Investment Company Act of 1940. This approach differs from the 1933 Act funds used by Bitcoin and Ethereum ETFs in 2024.

This alternative framework could open doors for more altcoin ETFs in the future, offering regulators and issuers new avenues to bring diverse crypto assets into traditional markets.

Final Thoughts

The XRP and DOGE ETFs mark a milestone for altcoin adoption in mainstream finance. High trading volumes prove investor interest, even if short-term price action remains muted. 

Over time, these ETFs could deepen liquidity, attract institutional capital, and reshape how altcoins are accessed in traditional portfolios.

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FAQs

What is the XRP ETF ticker symbol?

The Rex-Osprey XRP ETF trades under the ticker XRPR.

How much volume did the XRP ETF trade on its first day?

It recorded nearly $38 million in volume, with $24 million traded in the first 90 minutes.

Did XRP’s price increase after the ETF launch?

XRP briefly reached $3.15 but later slipped around 3%, holding just above $3.00.

What structure do the new XRP and DOGE ETFs use?

They operate through Cayman Islands subsidiaries under the Investment Company Act of 1940.

Could more altcoin ETFs launch soon?

Yes, the success of these ETFs and their regulatory model may encourage more altcoin ETFs to enter the market.