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Dogecoin and XRP ETFs draw massive volume on first day of trading

  • New US ETFs for Dogecoin and XRP debut with $54.7M trading volume.

  • XRP ETF leads with $37.7M, biggest day-one of any 2025 ETF launch.

  • Dogecoin ETF hits $17M, far above initial forecasts of $2.5M.

The first US-listed exchange-traded funds tied to Dogecoin and XRP debuted Thursday with far heavier demand than expected, posting a combined $54.7 million in trading volume.

Bloomberg ETF analyst Eric Balchunas noted that most new ETFs average about $1 million in first-day activity.

“No slouch,” he wrote on X, calling the funds’ debut “a good sign for the onslaught” of pending crypto ETFs awaiting regulatory approval.

Issuers have submitted multiple applications for crypto ETFs, including those linked to speculative altcoins and products incorporating mechanisms such as staking.

XRP ETF posts record opening

The REX-Osprey XRP ETF (XRPR) saw $37.7 million in volume, according to Cboe data, marking the biggest first day for any ETF launch in 2025.

Within its first 90 minutes of trading, XRPR had already taken in $24 million.

“That is way more than I would have thought,” Balchunas said, noting it was five times higher than the debut volume of XRP futures ETFs.

Dogecoin ETF beats forecasts

The REX-Osprey DOGE ETF (DOJE) also surprised, finishing the session with $17 million in trades.

Balchunas had initially expected only $2.5 million in volume, a level he said would have been “respectable but nothing too special.”

Instead, DOJE’s performance put it among the top five ETF debuts of more than 700 launches this year.

Regulatory structure and outlook

Both funds were launched under the Investment Company Act of 1940, rather than the Securities Act of 1933, used by last year’s Bitcoin and Ether ETFs.

The “40 Act” framework allows for faster approval — 75 days compared to 240 — but imposes restrictions on holdings.

XRPR and DOJE do not directly own crypto.

Instead, they invest in a Cayman Islands subsidiary that holds digital assets, along with stakes in European and Canadian exchange-traded products that track the coins’ prices.

The strong start comes as issuers await approval for dozens of other crypto ETFs, including altcoin-focused products and funds tied to staking.

The Securities and Exchange Commission this week approved new ETF listing standards that could accelerate the pipeline.

The post Dogecoin and XRP ETFs draw massive volume on first day of trading appeared first on CoinJournal.

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XRP price outlook as REX-Osprey XRPR ETF notches $37.7m in day one volume

  • XRP price jumped amid the REX-Osprey ETF launch before falling slightly.
  • Analysts have noted the impressive $37.7 million volume as a potential signal for more gains.
  • If the upside momentum holds, XRP could eye the $5 to $10 range next.

The cryptocurrency market witnessed a significant milestone on September 18, 2025, as the REX-Osprey XRPR ETF, the first US-listed spot ETF for XRP, debuted with an impressive $37.7 million in trading volume.

This development has sparked renewed interest among investors and analysts, raising questions about the future trajectory of XRP’s price amid growing institutional adoption.

XRP price rose slightly amid the launch, jumping to highs of $3.13 before paring gains to around $3.02.

REX-Osprey XRP ETF hits $37.7 million in volume

The launch of the REX-Osprey XRPR ETF marked a historic moment for the cryptocurrency sector, offering investors regulated exposure to XRP through a traditional exchange-traded fund structure.

According to data shared by Eric Balchunas, a prominent ETF analyst, the XRPR ETF recorded a staggering $37.7 million in turnover on its first day of trading.

It’s a mark that surpasses the debut performance of the $IVES ETF and sets a new benchmark for 2025 ETF launches.

Balchunas’ shared data reflects a volume of 1,462,622 shares traded at a last price of $25.728.

The strong initial performance outpaced the $17 million debut of the REX-Osprey DOJE ETF for Dogecoin, signalling robust demand for XRP exposure within the regulated investment landscape.

Balchunas noted that this success bodes well for the anticipated wave of 33 Act ETFs, suggesting a potential shift toward mainstream acceptance of altcoin-based financial products.

Ripple price prediction: is XRP about to explode?

The impressive debut of the XRPR ETF has fueled optimistic sentiments across the XRP community, with many speculating that this could be a catalyst for a significant price surge.

Analysts and enthusiasts have pointed to the ETF’s $37.7 million volume as evidence of growing institutional interest, which could drive substantial inflows in the coming months.

Some predict that if XRP sustains its current support levels around $3.00, the price could climb toward $5 or higher.

In particular, ETF-related buying pressure could intensify when the SEC gives a nod to the many “Act 33” filings before it.

From a technical perspective, the Ripple token’s price hovers within a key support zone between $2.75 and $3.12.

A breakout from a descending channel means XRP keeps its bullish outlook, with the RSI and MACD on the daily chart offering an upper hand to bulls.

If the upside momentum holds, XRP could eye the $5 to $10 range next.

ETF momentum and Ripple’s expansion in global payment networks, including with RLUSD, will be key.

Regulatory developments and macroeconomic conditions, such as if the Fed cut interest rates further in 2025, will buoy bulls.

The post XRP price outlook as REX-Osprey XRPR ETF notches $37.7m in day one volume appeared first on CoinJournal.

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ZRO price outlook as PayPal expands PYUSD to more chains via LayerZero

  • LayerZero and PayPal bring stablecoin PYUSD to nine new blockchains.
  • PayPal will use LayerZero’s Omnichain Fungible Token (OFT) standard to expand PYUSD to Aptos, Tron and other networks.
  • Bulls could target $3.20 next before an extended rally brings $7.14 into play.

PayPal is teaming up with LayerZero to expand its stablecoin PayPal USD (PYUSD) to an additional nine new networks, with this coming amid slight gains for LayerZero’s token ZRO.

As LayerZero helps PayPal enhance the interoperability and accessibility of PYUSD through Stargate Hydra and the permissionless token, PYUSD0, what does this mean for ZRO?

LayerZero and PayPal partner to expand PYUSD to 9 new chains

LayerZero, a leading interoperability protocol, has partnered with PayPal to expand the reach of PYUSD across multiple blockchain networks.

According to LayerZero’s blog post, this collaboration leverages LayerZero’s infrastructure to support real-world payments by combining it with PYUSD’s liquidity.

The stablecoin initially launched on Ethereum and later expanded to Solana and Arbitrum.

However, this expansion means it’s now available on nine more blockchain networks, including Tron, Avalanche, Aptos, Ink, Sei, and Stable.

This expansion is facilitated through Stargate Hydra, a bridging platform that utilises LayerZero’s Omnichain Fungible Token (OFT) standard, ensuring a permissionless and compliant token deployment from the outset.

PayPal is making the expansion through PYUSD0.

“As the stablecoin market continues its rapid growth beyond $270 billion, innovations like this are essential for creating the seamless, interoperable financial infrastructure that users and developers demand. By working together, we will enable PYUSD to reach new markets faster while maintaining compliance and composability from day one,” said David Weber, head of ecosystem at PayPal USD.

ZRO price outlook amid notable LayerZero integrations

The integration of LayerZero’s technology with major players like PayPal could help spark further interest in ZRO.

Already, recent developments, including the launch of Stargate Fast Swaps, have highlighted LayerZero’s ambition to dominate the cross-chain swap market.

The Fast Swaps feature, which offers sub-second quotes, guaranteed pricing, and single-second execution, is built in partnership with Aori and powered by LayerZero’s messaging capabilities.

LayerZero’s revenue generated from Fast Swaps will be channelled into ZRO buybacks, potentially impacting the token’s market dynamics.

As LayerZero continues to integrate with high-profile projects, the ZRO token’s value may benefit from increased utility and demand.

The token rose to nearly $2.10 following the news of PayPal USD integration, and although bulls have failed to hold onto the gains, the price remains nicely poised for an uptick.

Bulls could target $3.20 next before an extended rally brings $7.14 into play.

On the other hand, key levels to watch may include the March 2025 lows of $1.50.

The post ZRO price outlook as PayPal expands PYUSD to more chains via LayerZero appeared first on CoinJournal.