The XRP and Dogecoin ETF launch has officially hit the markets, delivering a blockbuster debut that exceeded even the boldest predictions. Following our previous coverage on the impending rollout, this update dives into the post-launch performance of the REX-Osprey ETFs, which went live on September 18, 2025, on the Chicago Board Options Exchange (CBOE).
With total day-one trading volumes reaching $55 million, these spot ETFs for XRP (XRPR) and Dogecoin (DOJE) signal a new era for altcoins, especially as the Federal Reserve’s recent 25-basis-point interest rate cut fuels broader market optimism.
Key Highlights from the XRP and Dogecoin ETF Launch Debut
The launch marks a pivotal moment for cryptocurrency integration into traditional finance, allowing investors to gain exposure to XRP and Dogecoin without direct crypto holdings.
Here’s a breakdown of the standout achievements:
- Record-Breaking Volumes: XRPR led the pack with $37.7 million in trading volume, claiming the top spot among 710 ETFs launched in 2025, surpassing the previous record holder, IVES, by a narrow margin.
- Strong Dogecoin Momentum: DOJE followed closely with $17 million, securing a top-five ranking and far outpacing initial analyst estimates of around $2.5 million.
- Market Response: Both ETFs saw rapid inflows, with XRPR hitting $24 million in the first 90 minutes alone, reflecting pent-up demand from institutional and retail investors.
- Regulatory Backdrop: This success builds on Ripple’s 2024 SEC victory, paving the way for compliant altcoin products.
These figures underscore the growing appetite for diversified crypto assets, particularly as Bitcoin ETFs continue to draw billions in inflows.
Performance Comparison: XRPR vs. DOJE
To provide a clearer picture of the XRP and Dogecoin ETF launch dynamics, here’s a side-by-side comparison based on debut data:
| ETF Ticker | Asset Tracked | Day-One Volume (USD) | 2025 Launch Ranking | Initial Hour Volume (USD) |
| XRPR | XRP | 37.7 million | #1 | 24 million |
| DOJE | Dogecoin | 17 million | Top 5 | 6 million |
This table highlights XRPR’s dominance, driven by XRP’s utility in cross-border payments, while DOJE benefits from meme coin hype and community support.
Looking ahead, the XRP and Dogecoin ETF launch could catalyze further altcoin adoption.
Prices reacted modestly, XRP up 2-3% to around $0.58-$0.60, and Dogecoin edging 1.5% to $0.12, but analysts predict potential rallies toward $1 for XRP and $0.20 for Dogecoin if institutional flows persist.
However, volatility remains high amid the quadruple witching event, where trillions in futures contracts expire.
In summary, the XRP and Dogecoin ETF launch isn’t just a win for REX-Osprey; it’s a bullish indicator for the crypto ecosystem.
For more timely updates on ETF developments and market trends, follow our MevX blog today.
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