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XRP and DOGE ETFs Debut with $54.7M Combined Trading Volume
- Spot ETFs for XRP and Dogecoin launched in the U.S. with significant trading volumes.
- The REX-Osprey XRP ETF (ticker: XRPR) recorded a debut trading volume of $37.7 million, the highest for any ETF this year.
- This debut volume surpassed the previous record set by the Wedbush AI Revolution ETF.
- XRP's market cap recently exceeded that of Citigroup, and Ripple has applied for a U.S. banking license.
- The REX-Osprey Dogecoin ETF (ticker: DOJE) saw a first-day volume of $17 million, ranking among the top five ETF debuts of 2023.
- The launch success follows an SEC decision to streamline crypto ETF listing standards, reducing approval times significantly.
- First-day net inflow figures are anticipated later on Friday.