The funds quoted in the stock market (ETF) and XRP and XRP jointly managed by the Rex Shares and Osprey Funds investment firms, had a successful debut in the United States CBOE Stock Exchange.
The initial negotiation volume of Rex-Osprey Doge ETF (Doje) It reached 2.5 million dollars, “a respectable figure, but nothing from the other world”said Eric Balchunas, financial analyst at Bloomberg Intelligence.
With the passing of the hours, balchunas affirmed that The expectation of a low negotiation volume that he estimated for Doje “was completely broken”. The fund reached almost 6 million dollars in a moment, and stressed: “It is surprisingly solid! Most ETF quote below 1 million the first day.”
At the close of the market, Doje record A trading volume of 17 million dollars, which, according to Bloomberg’s specialist, “would place it among the 5 best of the year of 710 launches. A good sign for the avalanche of 33 ETF that will arrive soon.”
For its part, the Rex-Osprey XRP ETF (XRPR) negotiated 24 million dollars in the first 90 minutes. “It’s much more than I thought,” said Balchunas, adding that this is “5 times more than any ETF of XRP futures the first day.”
At the end of the stock market, XRPR reached 37.7 million dollars, surpassing Iives – the Wedbush artificial intelligence ETF – as the largest natural volume in dollars of any 2025 launch.
The solid performance of both Doje and XRPR reflects a growing appetite by cryptocurrency -based financial instruments, which could encourage other managers to launch similar products in the US market in the coming months.
As Cryptonotics reported, they are not about ETF spot in the same direction as those of Bitcoin (BTC) or Ether (ETH) approved by the SEC. The key difference is that these products are structured under the 1940 investment act of 1940, more similar to a mutual background, and not under the 1933 securities such as classic ETF spot.