XRP ETF Beats AI Fund Record as Dogecoin ETF Defies Expectations With $17M Launch

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Spot exchange-traded funds (ETFs) tied to XRP and Dogecoin made a splash on their U.S. debut Thursday, attracting far higher-than-expected trading activity and setting new records for ETF launches this year.

XRP ETF Records Massive First Day

According to Bloomberg senior ETF analyst Eric Balchunas, the REX-Osprey XRP ETF, listed on the CBOE investment exchange as the XRPR, saw $37.7 million shares traded on its debut day. 

The XRP ETF has gained momentum right at the start and within the first 90 minutes of the day it had collected trades worth $24 million. Balchunas said that is far beyond what I would have imagined, as the count was five times greater than any XRP futures ETF had on its first day.

$XRPR traded $37.7m on Day One, which edges out $IVES for the biggest day one (natural) $ volume of any 2025 launch. $DOJE is no slouch at $17m, which would be Top 5 for year.. out of 710 launches. Good sign for the onslaught of 33 Act ETFs coming soon.. pic.twitter.com/JaQP9ekFIq

— Eric Balchunas (@EricBalchunas) September 18, 2025

XRP ETF Gains Momentum Beyond Crypto Markets

The introduction of the XRP ETF took over the former record holder, the Wedbush AI Revolution ETF (IVES), highlighting a trend of increased interest in crypto-linked financial funds beyond Bitcoin and Ethereum.

The enthusiasm of investors is also seen when XRP hits headlines beyond ETF markets. The market capitalization of the token has just surpassed that of U.S. banking giant Citigroup, and Ripple, the firm that runs the payments network of XRP, has even sought a banking license in the United States, further increasing the interest in the XRP ETF.

Dogecoin ETF Records $17 Million Debut

In the meantime, the REX-Osprey Dogecoin ETF (DOJE) also shocked the market observers. Balchunas had originally estimated a low first-day volume of $2.5 million and referred to it as a respectable opening. 

Rather, DOJE brought in revenue of $17 million trades, which ranked it among the top five ETFs launches of the year. Surprisingly solid, Balchunas said with a point to the fact that most new ETFs rarely manage to attract even $1 million in first-day trading.

The impressive performance underscores how Dogecoin, which has been widely off-hand as a meme token, keeps defying expectations due to the actual investor traction despite analysts indicating that the XRP ETF is the focus of the current crypto investment craze of this week.

My over/under got destroyed in the first hour of trading as $DOJE already posting nearly $6m in volume. That's shockingly solid.. Most ETFs trade under $1m on Day One. https://t.co/wjAIowq7NW pic.twitter.com/7z22WIKPy0

— Eric Balchunas (@EricBalchunas) September 18, 2025

Also read: Dogecoin ETF Set for September 11 Debut, Market Eyes Major Rally

SEC Simplifies Approval Process for Crypto ETFs

The launches come after the approval of the simplified crypto ETF regulations by the Securities and Exchange Commission, which decreased the duration of application review times by 240 to approximately 75 days. 

The net inflow of the XRP ETF and also DOJE is anticipated to be defined Friday and it will give an additional understanding on the investor devotion.

Back-to-back record openings allow the XRP ETF and Dogecoin ETF to become a turning point in the history of the digital asset in the United States financial markets as it is a clear signal of the increased acceptance of crypto exposure by institutional and retail investors.

Also read: SEC Clears Path for Altcoin ETFs as New Listing Rules Reshape Market

Conclusion

Based on the latest research, the debut of XRP and Dogecoin ETFs highlights a pivotal shift in investor sentiment toward crypto assets. These launches can be taken as an indication of a new era where digital currencies are becoming more legitimate in U.S. financial markets due to record-breaking volumes, streamlined SEC approvals, and growing institutional involvement.

For more updates and detailed insights into the world of cryptocurrencies, check out our latest articles.

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Summary

Spot ETFs tied to XRP and Dogecoin launched in the U.S. with record-breaking volumes, signaling strong investor demand. The REX-Osprey XRP ETF (XRPR) is the best funded ETF with $37.7 million, the largest ETF of the year, and the Dogecoin ETF (DOJE) returns 17 million, which is among the top five offerings. Their success is a milestone in the increased acceptance of crypto in the financial markets in the United States given the process of SEC streamlining the approval.

Glossary of Key Terms

ETF: A fund traded on exchanges that tracks assets like stocks or crypto.

Spot ETF: Tracks the current market price of an asset.

XRP (Ripple): Payments-focused crypto for fast, low-cost global transfers.

Dogecoin (DOGE): Meme-based cryptocurrency with growing investor demand.

XRPR ETF: XRP fund on CBOE; debuted with $37.7M volume.

DOJE ETF: Dogecoin fund; launched with $17M trading volume.

CBOE: U.S. exchange where the ETFs were listed.

Eric Balchunas: Bloomberg ETF analyst covering fund launches.

IVES ETF: AI-focused ETF, record beaten by XRPR.

SEC: U.S. regulator, streamlined crypto ETF approvals.

Frequently Asked Questions about XRP and Dogecoin ETFs

1. What is the XRP ETF?

The REX-Osprey XRP ETF (XRPR) tracks XRP’s price, giving investors exposure without owning the token.

2. How much did XRPR trade?

It logged $37.7 million on its debut, the biggest ETF launch of 2025.

3. How did the Dogecoin ETF perform?

The REX-Osprey Dogecoin ETF (DOJE) saw $17 million, ranking in the year’s top five launches.

4. Why are these ETFs important?

They highlight strong demand and growing U.S. acceptance of crypto in regulated markets.