Investors Go Wild for XRP and DOGE ETFs – You Won’t Believe the Numbers! 🎉

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Oh, darling investors, it seems they’ve jumped aboard the crypto express with all the enthusiasm of a cat at a fish market! On the grand debut of the first Dogecoin and XRP exchange-traded funds in the US, they positively trampled over the analysts’ rather pedestrian expectations. Nothing like a little FOMO to stir up some excitement, am I right? 🐾

According to the ever-astute Bloomberg ETF analyst, Eric Balchunas (a name that sounds like it belongs in a prestigious gala!), it’s typically the case that new ETFs twiddle their thumbs around the $1 million trading volume mark. However, this dynamic duo folded their arms and chuckled as they raked in a staggering $54.7 million in trades throughout the day. Talk about a respectable contingency fund! 💸

The masterminds behind this financial frolic, REX Shares and Osprey Funds, debuted their ETFs on Thursday, meticulously tracking the illustrious price of the third-largest cryptocurrency, XRP, and the crown jewel of memes, Dogecoin. Was it a gamble? Perhaps. But we all know that fortune favors the bold – or the slightly bonkers! 😏

XRP ETF Dances Close to $40 Million

The REX-Osprey XRP ETF (XRPR) decided to sashay into the limelight, swaggering off with an impressive $37.7 million in volume according to our dear friend Mr. Balchunas and his trusty little Cboe. This delightful figure reflects the “biggest day one” seen in the history of 2025 launches. Who knew 2025 could be such a splendid year for finance? 🎩

XRP ETF Chart

And let’s not forget how quickly XRPR took off. Our dear analist noted that it had already managed to reel in $24 million within a rather cheeky hour and a half on the market. “That’s more than I would have conjured in my wildest dreams!” he exclaimed. Why, that’s five times more than any of those drab XRP futures ETFs could muster on their first day! 🥂

Dogecoin ETF Causes a Stir – and Quite Rightly!

Now onto Doge, that cheeky little currency! Earlier on Thursday, Mr. Balchunas confidently surmised that the Dogecoin-tracking REX-Osprey DOGE ETF (DOJE) might see a modest $2.5 million in volume. Nothing to sweep the floor with but still respectable, wouldn’t you say? How quickly the tides turned, as that prediction was obliterated within the first hour, soaring close to $6 million in volume. Isn’t finance a delightful rollercoaster of surprises? 🎢

“Shockingly solid!” our analyst declared, in between taking sips of his undoubtedly expensive coffee. DOJE concluded the trading day with a remarkable $17 million in volume-placing it snugly amongst the elite top five of over 700 ETF launches this very year. Bravo! 👏

Regulatory Nuances? Pfft, You Say!

Now, let’s discuss the unglamorous side of the business. REX and Osprey navigated the regulatory waters with their two ETFs, choosing to file under a different securities law from the majority of currently existing crypto-tied products-how novel! The XRPR and DOJE are registered under the illustrious Investment Company Act of 1940, while most of their more pedestrian counterparts gazed enviously from under the 1933 Securities Act umbrella. Quite the game of musical chairs! 🎶

Balchunas, ever the sage, opined that this different classification might slightly dampen investor enthusiasm. However, the 40 Act allows for a swifter 75 days to approval versus the sluggish 240 days of the ‘33 Act. Less waiting, more making, darling! Who wouldn’t love it? 💃

While XRPR and DOJE cleverly sidestep holding crypto directly and instead cozy up to a Cayman Islands-based subsidiary, they also invest in shares of foreign exchange-traded products from Europe and Canada. It’s all very cosmopolitan and quite avant-garde in the world of assets! 🌍

As more crypto funds, including those clamoring for XRP and Dogecoin, sit in regulatory limbo, the SEC recently decided to speed up their listing standards. Let’s raise a glass to that, shall we? 🥳

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2025-09-19 05:30