The Crypto Assets market has once again stirred waves, with the newly launched digital asset exchange-traded funds (ETF) shocking Wall Street with an astonishing volume. According to the latest reports, the REX-Osprey XRP ETF and REX-Osprey DOGE ETF performed excellently on their first day of trading, reaching transaction amounts of $37.7 million and $17 million respectively, setting a new record for ETF issuance this year.



This phenomenon has attracted significant attention from industry experts. A senior ETF analyst at Bloomberg Industry Research pointed out that the successful launch of these products registered under the Investment Company Act of 1940 paves the way for the future development of the crypto assets ETF market. It is worth noting that these funds directly hold the relevant crypto assets rather than futures contracts, a feature that may have attracted more investors' interest.

More remarkably, the XRP ETF achieved a trading volume of 24 million dollars within just 90 minutes of its listing, far exceeding the performance of similar XRP futures ETFs. At the same time, the Dogecoin ETF also reached nearly 6 million dollars in trading volume within its first hour. This phenomenon breaks the norm in the ETF market, as most newly listed ETFs usually do not exceed 1 million dollars in trading volume on their first day.

At the same time, the regulatory environment seems to be shifting in favor of the development of cryptocurrency ETFs. The U.S. Securities and Exchange Commission recently approved new exchange listing standards, which may accelerate the listing process for cryptocurrency ETFs. Industry predictions suggest that more than 100 cryptocurrency ETFs may be launched next year, which will undoubtedly bring more opportunities and challenges to the digital asset investment market.

Despite the strong performance of the ETF market, the prices of XRP and DOGE remain relatively stable. XRP has maintained around $3.08 over the past 24 hours, while DOGE has seen a slight decline, trading at $0.28. This price stability stands in stark contrast to the enthusiasm surrounding ETFs, prompting the market to reflect on the relationship between the valuation of Crypto Assets and investment tools.

With the rapid development of the Crypto Assets ETF market, both investors and regulators will closely monitor trends in this area. The performance of these new investment tools not only reflects the market's interest in digital assets but may also signal a trend towards further integration of traditional finance and digital assets.
XRP0.2%
DOGE0.91%
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GasGasGasBrovip
· 09-19 03:50
Another new way to Be Played for Suckers!
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HappyMinerUnclevip
· 09-19 03:43
Not bad, I can still have a good sleep after running early.
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EternalMinervip
· 09-19 03:42
XRP bull! To da moon next year, let's see it.
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DEXRobinHoodvip
· 09-19 03:30
Wow, has the SEC started to change its ways?
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