Rex-Osprey’s new XRP exchange-traded fund finished its debut session with $37.7 million in trading volume, edging out Wedbush’s Dan Ives AI fund (ticker: IVES) for the largest “natural” day-one dollar volume of any 2025 ETF launch, according to Bloomberg Intelligence’s Eric Balchunas. He added that the firm’s Dogecoin product (DOJE) closed at $17 million, a tally that would rank among the top five debuts this year out of roughly 710 launches.

“XRPR traded $37.7m on Day One, which edges out IVES for the biggest day one (natural) $ volume of any 2025 launch. $DOJE is no slouch at $17m, which would be Top 5 for year.. out of 710 launches. Good sign for the onslaught of 33 Act ETFs coming soon..,” Balchunas wrote via X.

The early order flow was striking. Within 90 minutes of the opening be

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