Funds exchanged by exchange (ETFS) Tied to those focused on XRP and the leading meme token, Dogecoin Debuted in the US on Thursday with a bang, drawing significant trading volume.
The Rex-OSPREY XRP ETF, listed in CBOE under Ticker XRPR, registered a trading volume of $ 37.7 million, marked the largest volume of debut of any ETF launch this year, according to Data shared by Bloomberg Senior Etf Analyst Eric Balchunas.
This first day tally exceeds the previous record holder, Dan Ives’ Wedbush AI Revolution ETF (Ives)Signed a strong investment appetite for alternative investment vehicles linked to coins beyond bitcoin and Ether (Et).
The Capital of the XRP market recently exceeded the traditional giant banking Citigroup. Additionally, Ripple, the company behind the XRP, facilitates cross-border transactions, applied for a banking license In the US
Entrepreneurs also embraced the Rex-Ostprey Dogecoin ETF, the Ticker Doje, which formed a first-day volume of $ 17 million. It put the doje in the top five ETF debuts of the year.
Doje’s strong performance is remarkable because of Dogecoin’s reputation as a meme token.
The successful launch of these two ETFs complies with the SEC decision to approve a new, ousted listing criteria for the Crypto ETFs, reducing approval hours by approximately 75 days from 240 days.
It is expected to release the first Net Net Number Net Flow later on Friday.
