XRP ETFs made an explosive debut in the U.S. financial markets, achieving record-breaking trading volume on their first day. Alongside Dogecoin (DOGE), these crypto-based ETFs captured significant investor interest and marked a milestone for altcoin financial products.

XRP ETF Launch Breaks 2025 Records

Trading under the ticker XRPR on the Cboe exchange, the newly introduced REX-Osprey XRP ETF drew $37.7 million in volume during its first trading day. According to data shared by Bloomberg’s senior ETF analyst Eric Balchunas, this is the highest debut volume for any ETF released in 2025.

This remarkable performance beat all previous 2025 ETF launches, even surpassing the widely followed Wedbush AI Revolution ETF (IVES). The success highlights investors’ growing enthusiasm for cryptocurrency-linked financial instruments that go beyond industry giants like bitcoin (BTC) and ether (ETH).

Ripple Milestones Push Confidence

Ripple’s expanding influence further enhances XRP’s appeal. Recently, XRP’s market capitalization climbed past that of traditional banking leader Citigroup. In addition, Ripple – the company behind XRP – has applied for a federal trust bank charter in the United States.

This move reflects Ripple’s ambition to expand its regulatory footprint and deepen its integration into mainstream financial systems. Its role in enabling cross-border payments underscores the real-world use cases behind XRP, giving institutional investors a compelling reason to take part via ETFs.

Dogecoin ETF Also Impresses on Debut

Not to be overlooked, the REX-Osprey Dogecoin ETF—listed under the ticker DOJE—recorded $17 million in opening-day volume. Despite Dogecoin’s reputation as a memecoin, DOJE’s strong showing placed it within the top five ETF launches of the year.

This performance demonstrates that investor appetite now includes even the more unconventional corners of the crypto market. The embrace of a DOGE-based ETF suggests a shift toward broader diversification within the crypto ETF space.

Traders monitor screen activity as XRP and DOGE ETFs begin trading on the Cboe exchange.

Regulatory Shift Sparks ETF Boom

The overnight success of these ETFs is also tied to recent regulatory changes. The U.S. Securities and Exchange Commission introduced a simplified listing process for crypto ETFs, cutting approval times from 240 days to just 75. This decision opened the door for quicker market entry and likely accelerated the launch of both XRPR and DOJE.

Analysts are now closely watching for first-day net inflow data, expected to be released later in the week. These figures could further clarify investor sentiment and offer insight into long-term prospects for these innovative exchange-traded products.

Related: XRP Price: $12M Max Pain for Bears

The performance of the XRP ETF signals a pivotal moment for altcoin investing, validating XRP as a mainstream financial asset and placing Ripple in a stronger position within both regulatory and investor arenas.