According to Balchunas, the scale of activity was clear from the opening bell. Within 90 minutes of launch, the fund had already crossed $24 million in trades, which is five times the first-hour volume seen by any crypto futures ETF launched in 2025.
Meanwhile, Rex-Osprey’s companion product, a Dogecoin ETF with the ticker DOJE, also drew heavy interest from the market.
Balchunas stated that the investment vehicle saw nearly $6 million traded in its first hour and a closing tally of $17 million. This places it among the top five ETF debuts in 2025.
The strong early numbers reflect growing investor appetite for regulated exposure to alternative digital assets.
Balchunas said:
“[This is a] good sign for the onslaught of 33 Act ETFs coming soon.”
The heavy ETF volumes did not translate into immediate price strength for the underlying tokens.
XRP slipped 3% over the past 24 hours to $3.02, extending a week of gradual declines that have kept the asset locked between $3 and $3.15, according to CryptoSlate data.
Dogecoin price followed a similar pattern during the reporting period.
This reversal highlights the difference between secondary-market enthusiasm for ETFs and direct spot demand for the coins themselves.
