XRP Fund Notches Biggest ETF Debut of 2025—and Dogecoin Wasn't Far Behind

Group 1 - The first exchange-traded fund (ETF) providing U.S. investors exposure to XRP had a successful launch, attracting nearly $38 million in inflows, marking the best ETF debut of the year [1] - The XRP ETF's performance indicates strong investor interest in altcoin exposure, with the Dogecoin ETF also performing well, generating $17 million on its first day [1][2] - The SEC's recent approval of new generic listing standards for commodity-based trusts may facilitate the entry of more crypto ETFs into the market [2] Group 2 - The price of XRP was reported at $3.01, reflecting a decline of over 3% in the last 24 hours, while Dogecoin's price was nearly $0.27, down 6% in the same period [3] - Following the success of Bitcoin and Ethereum ETFs, which have generated approximately $57 billion and $14 billion respectively, there is a growing demand for crypto-focused investment products [4] - The newly launched XRP and Dogecoin ETFs are structured through a subsidiary registered in the Cayman Islands and were launched under the Investment Company Act of 1940, differentiating them from traditional spot funds [5]