๐Ÿ“Š The debut trading volume of ETFs on $XRP and $DOGE exceeded $55 millions



On September 18, spot ETFs based on XRP and Dogecoin were launched in the USA by REX Shares and Osprey Funds. According to the results of the fund's debut session, the total trading volume amounted to $55 millions. The turnover of the spot XRP-ETF exceeded $24 millions in the first 90 minutes โ€” several times higher than the indicators of futures exchange products based on the asset.

The results turned out to be quite good, considering that the trading volumes of most instruments are usually less than $1 million on the first day.

Both products are not classic exchange-traded funds approved by the SEC, as they are registered under the US Investment Company Act of 1940. It provides for a shorter application review period โ€” 75 days versus 240 days under the 1933 Law.

Let me remind you that the SEC has simplified the listing procedure for crypto-ETFs and it is already bearing fruit, I think that ETFs for other altcoins will soon appear
XRP0.28%
DOGE-0.68%
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