Trading Volume Hits Record High on First Day
The launch of Dogecoin and XRP ETFs got a lot of attention right away, with a total trading volume of $54.7 million. Analysts saw this debut as a big deal, putting both funds among the most successful ETF launches of 2025 so far.
Even though there was a lot of trading, XRP and DOGE tokens themselves didn’t go up much. People in the market were still cautious, waiting for clearer regulations and spot ETFs that would have a bigger impact on prices to keep these assets going up.
Ripple ETF Has a Strong Start
The Ripple ETF, which trades under the symbol XRPR, had the biggest day-one trading volume of any ETF this year, at $37.7 million. In just ninety minutes, $24 million worth of trades were made, which was more than all of the XRP futures ETFs combined on their first days.
This result showed that more institutions want regulated XRP exposure, which shows that traditional investors are choosing structured investment products over buying tokens directly. Analysts think that this trend could speed up the use of XRP by making financial vehicles safer.
Dogecoin ETF Beats All Expectations
The DOJE ETF for Dogecoin had a trading volume of $17 million on its first day, which was much higher than the $2.5 million that was expected. In just the first hour, trading came close to $6 million, which surprised analysts because they didn’t expect investors to be so excited.
This performance showed that Dogecoin is still in high demand from both retail and institutional investors. Even though it has a reputation for being a meme, its inclusion in official financial systems gives it credibility and makes it more visible in the larger cryptocurrency markets.
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Prices Stay Flat Despite ETF Success
XRP traded at $3.04, down 1.82% daily and 0.5% weekly across markets, even though there was a lot of demand for ETFs. DOGE traded at $0.27, down 1.97% every day but up 6.13% over the course of the week, showing some strength.
People who bought these ETFs were hoping for big price increases, but they didn’t happen. Indirect products don’t affect token prices as much as Bitcoin and Ethereum spot ETFs do, so they can’t cause big price jumps in the near future.
Dogecoin and XRP ETFs Introduce a New Class of Products
XRPR and DOJE are not spot ETFs like Bitcoin and Ethereum ETFs. Instead, they are regulated by the Investment Company Act of 1940. This legal framework makes it easier to get approval, but it limits how you can hold digital assets directly and how you can structure your portfolio.
Because of this, these ETFs can’t directly hold XRP or DOGE; they have to use derivatives and other products. This makes it less likely that the price will go up a lot because of debut trading activity alone.
XRPR and DOJE’s Portfolio Structures
XRPR puts 80% of its assets into XRP-linked vehicles, such as a Cayman Islands subsidiary that buys tokens and foreign ETPs. These allocations give structured exposure to XRP performance while staying within the legal limits that allowed the ETF to be approved.
DOJE uses a similar system by not directly holding Dogecoin and instead using derivatives and exchange-traded options. This strategy limits the ETF’s impact on the market, but it makes sure that it follows the rules, which allows it to launch and be available to a wider range of investors.
What to Expect from Future Altcoin ETFs
Even though prices didn’t move much, the strong debut showed that there is still a lot of demand for altcoin-linked ETFs and that it is growing. Regulators are still looking at a number of applications for spot ETFs linked to XRP, DOGE, and other assets. These could change how the market works.
If regulators allow direct asset holdings, analysts think that the prices of tokens and the demand for ETFs will be more closely linked. These kinds of changes could create momentum in the altcoin sector like Bitcoin and Ethereum’s ETFs did, opening up more growth opportunities in the future.
XRP and Dogecoin ETFs Signal New Era for Crypto Adoption
The record-breaking debut of XRPR and DOJE shows that investors are becoming more interested in regulated cryptocurrency products. The ETFs connect traditional finance with blockchain innovation by giving people safe and legal access to XRP and DOGE. Their success puts XRP and DOGE among the top digital assets that will help institutional investors adopt crypto in the future.
