XRP and DOGE ETF had a strong performance on their first trading day, with a total trading volume of 55 million dollars

ChainCatcher news, the first U.S. exchange-traded funds (ETFs) offering spot exposure to XRP and Dogecoin began trading on Thursday, showing strong performance.

The REX-Osprey XRP ETF (ticker XRPR) had a first-day trading volume of $37.7 million, setting the record for the highest single-day debut volume this year. The REX-Osprey DOGE ETF (ticker DOJE) had a trading volume of about $17 million, ranking in the top five. Bloomberg Intelligence senior ETF analyst Eric Balchunas stated that this is a positive signal for the upcoming ETFs under the Securities Act of 1933. XRPR achieved a trading volume of $24 million within the first 90 minutes of trading, which is five times that of any XRP futures ETF. DOJE traded nearly $6 million in its first hour.