XRP and Dogecoin ETFs traded more than expected for the first time, with price rising: "Shock..."

Senior ETF analyst Eric Balchunas was shocked that the first U.S. meme coin ETF, Dogecoin (DOJE), owned by Rex Shares-Osprey, traded $6 million within an hour after its listing on the Chicago Options Exchange (CBOE) - far exceeding his forecast of $2.5 million in the first day. Despite previous questions arising from its compliance with the 1940 Act structure and lack of major issuers, Barchunnas called his first-day performance “shockingly sound”. Dogecoin pegged to Dogecoin is the first such ETF, with its underlying assets rising more than 6% to $0.2825.