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XRP and Dogecoin ETFs rally as debut volumes smash expectations: 'Shocked..'
Veteran fund analyst Eric Balchunas expressed shock at the extraordinary debut of the Rex Shares-Osprey Dogecoin exchange-traded fund (ETF). The first ETF in the U.S. tied to a meme coin, it began trading under the ticker "DOJE" on CBOE on Sep. 18 and posted around $6 million in trading volume within an hour of its launch. Ahead of the ETF's launch today, Balchunas wrote on X that it would record $2.5 million on its first day. The figure is respectable, but "nothing too special," he added. The Dogecoin ETF’s approval under the Investment Company Act of 1940 rather than the Securities Act of 1933 — and the fact ... (full story)
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