A Historic Debut for Crypto ETFs!

In a groundbreaking moment for the cryptocurrency market, spot ETFs linked to XRP and Dogecoin launched in the U.S. on Thursday, attracting a jaw-dropping combined trading volume of $54.7 million!

XRP REX-Osprey ETF Shatters Records!

The REX-Osprey XRP ETF, trading under the ticker XRPR on Cboe, kicked off with an astonishing $37.7 million in trading volume. This feat not only positions XRPR as the biggest debut of an ETF in 2023 but also highlights a fierce demand for investment options beyond the conventional bitcoin and ether.

Ripple's Ripple Effect!

In the midst of this momentum, XRP's market cap recently eclipsed that of banking titan Citigroup. Additionally, Ripple, the driving force behind XRP's remarkable technology facilitating cross-border transactions, is making headlines with its application for a U.S. banking license.

Dogecoin's Surprising Performance!

Not to be left behind, the REX-Osprey Dogecoin ETF (ticker DOJE) recorded an impressive $17 million in its first day of trading. This achievement marks DOJE as one of the top five ETF launches of the current year, defying the expectations often associated with Dogecoin's status as a jovial memecoin.

A New Era for Crypto ETFs!

The successful kick-off of these ETFs follows the SEC’s recent move to approve a new listing standard for crypto ETFs, significantly slashing approval times from 240 days to just 75 days. This shift signals a promising future for cryptocurrency investors eager for alternative options in the investment landscape.