Рынок бурлит: объем торгов новыми ETF на XRP и Dogecoin взлетел до $55 млн Translation: Market Booms: Trading Volume of New XRP and Dogecoin ETFs Soars to $55 Million

On September 18, spot ETFs based on XRP and Dogecoin launched in the United States by REX Shares and Osprey Funds. According to Bloomberg analyst Eric Balchunas, the total trading volume during the inaugural session reached $55 million.

«XRPR recorded a trading volume of $37.7 million, surpassing IVES and emerging as the leader among all launches of 2025. DOJE also performed well with $17 million, securing a spot among the top five out of 710 funds this year,» he noted.

The expert pointed out that the trading volume of the spot XRP-ETF exceeded $24 million in the first 90 minutes—significantly higher than the figures for futures-based products tied to the asset. Balchunas described the results as «shockingly» strong, considering that trading volumes for most instruments typically fall below $1 million on the first day.

Both products do not qualify as traditional exchange-traded funds approved by the SEC, as they are registered under the U.S. Investment Company Act of 1940. This law allows for a shorter application review period—75 days compared to 240 days under the 1933 Securities Act, which governs Bitcoin and Ethereum ETFs.

A key distinction is that XRPR and DOJE do not directly hold cryptocurrencies. Instead, they invest in a subsidiary of the issuers based in the Cayman Islands, which manages the assets.

The new funds also acquire stakes in foreign exchange-traded products from Europe and Canada that track the prices of XRP and Dogecoin.

Asset prices did not react to the success of the new ETFs. The meme coin’s price fell by 1.6% over the past day, trading at $0.27 at the time of writing.

XRP also dropped by 1.4% in the last 24 hours, reaching $3.

It is important to recall that the SEC simplified the listing procedure for crypto ETFs. Analysts have forecasted the launch of new investment products in the U.S. «in the coming weeks and months.»