XRP and DOGE ETFs Smash Records with $54.7M Combined Debut Volume: Altcoin Boom Ahead?  

The XRP and DOGE ETFs debut on September 19, 2025, shattered records, with XRPR hitting $37.7 million and DOJE $17 million in first-day volume, totaling $54.7 million on Cboe BZX. This ranks XRPR as the top ETF launch of the year, surpassing expectations for 1940 Act products. Amid a $3.5 trillion cryptocurrency market, the XRP and DOGE ETFs debut highlights surging altcoin interest. This article covers launch details, volumes, rankings, comparisons, and implications.

Launch Breakdown

The XRP and DOGE ETFs debut introduced XRPR for XRP and DOJE for Dogecoin, managed by REX Shares and Osprey Funds. Traded on Cboe BZX, these 1940 Act products use derivatives for exposure, avoiding direct holdings. The XRP and DOGE ETFs debut follows SEC's streamlined approvals, reducing times from 240 to 75 days. This facilitates altcoin access without custody.

• Tickers: XRPR and DOJE on Cboe BZX.
• Structure: 1940 Act with derivatives.

Debut Volumes and Performance

The XRP and DOGE ETFs debut generated $37.7 million for XRPR and $17 million for DOJE, totaling $54.7 million. XRPR's volume exceeded the Wedbush AI ETF (IVES), making it the largest debut of 2025. DOJE ranked top five. The XRP and DOGE ETFs debut outperformed Bloomberg's $2.5 million estimate, signaling strong demand.

• XRPR: $37.7 million day-one.
• DOJE: $17 million day-one.
• Combined: $54.7 million.

Rankings and Comparisons

The XRP and DOGE ETFs debut ranks XRPR as the top launch out of 710 ETFs in 2025, per Bloomberg's Eric Balchunas. DOJE is top five. Compared to IVES, XRPR's $37.7 million highlights altcoin appeal. The XRP and DOGE ETFs debut as 1940 Act products shows robust performance despite structure.

• XRPR ranking: #1 debut of 2025.
• DOJE: Top five launches.
• Comparison: Outpaced IVES.

Market Implications

The XRP and DOGE ETFs debut indicates growing altcoin ETF demand, with XRP surpassing Citigroup's market cap and Ripple seeking a U.S. banking license. In a $3.5 trillion market, this could drive inflows, especially if 33 Act versions follow. The XRP and DOGE ETFs debut may elevate meme and alt assets institutionally.

• XRP cap: Surpassed Citigroup.
• Ripple: Applied for U.S. license.
• Future: Potential 33 Act ETFs.

Expert Views

Balchunas noted the XRP and DOGE ETFs debut's success: "Top 5 for year out of 710 launches." He forecasts 33 Act approvals soon, accelerating altcoin inflows. No net inflow data yet, expected Friday.

• Balchunas: "No slouch" performance.
• Forecast: 33 Act soon.

Summary

The XRP and DOGE ETFs debut achieved $54.7 million volume on September 19, 2025, with XRPR at $37.7 million topping 2025 launches. In a $3.5 trillion market, this signals altcoin surge. For tips, monitor net inflows and Cboe volumes for momentum. Explore similar ETFs for diversified exposure.