Spot exchange -traded funds (ETFS) Tied to the payments-focused XRP and the top meme -tooken, docoin Debuted in the US on Thursday with a smell that draws a significant trading volume.
Rex-OsPrey XRP ETF listed on CBOE under Ticker XRPR recorded a $ 37.7 million trading volume that marked the biggest debut volume for any ETF launch this year, according to data shared by Bloomberg Senior ETF analyst Eric Balchunas.
This first-day overview submitted the previous record holder, Dan Ives’ Wedbush Ai Revolution ETF (IVES)that signalizes strong investor appetite on alternative investment vehicles attached to coins beyond Bitcoin and ether (Eth).
XRP’s market value recently exceeded the traditional bank giant Citigroup. In addition, Ripple, the company behind XRP, which facilitates cross -border transactions, has applied for a banking license in the USA
Dealers also embraced Rex-Osprey Dogecoin Etf, Ticker Doje, which generated a first-day volume of $ 17 million. This placed doje among the top five ETF debut of the year.
Doje’s strong performance is remarkable considering Dogecoin’s reputation as a non-seriously meme-token.
The successful launch of these two ETFs follows SEC’s decision to approve a new, streamlined listing standard for crypto -Tfs, reducing the approval times to about 75 days from 240 days.
First-Day Net Empire figures are expected to be released later Friday.
