Recently, two highly anticipated Crypto Assets ETF products officially debuted in the U.S. market, attracting widespread attention from the investment community. These two ETFs respectively track the price movement of Ripple (XRP) and DOGE, and their performance on the first day was remarkable, setting a new milestone for the integration of Crypto Assets into the TradFi market. The two ETF products launched by REX Shares and Osprey Funds are traded under the codes XRPR and DOJE, respectively. To the surprise of the market, their total trading volume on the first day exceeded 54 million USD. Among them, the trading volume of XRPR reached 37.7 million USD, while DOJE recorded a trading volume of 17 million USD. This achievement not only exceeded market expectations but also placed these two ETFs among the most popular ETF products of 2025. Bloomberg analyst Eric Balchunas praised this, believing it signifies that the crypto assets ETF market may soon welcome a new wave of growth. Despite some skepticism in the market regarding the prospects of these two ETFs before their launch, their actual performance has robustly addressed these concerns. The strong interest shown by investors in such innovative financial products reflects that Crypto Assets are gradually gaining broader market recognition. This successful issuance not only signifies the enhanced status of Crypto Assets within the TradFi system but also paves the way for the potential emergence of other Crypto Assets ETF products in the future. As the regulatory environment gradually clarifies and investor awareness continues to improve, we may see more similar innovative financial products appear in the market. However, it is worth noting that despite the impressive performance on the first day, investors should remain cautious when considering this type of new ETF product. The high volatility and potential risks of the cryptocurrency market still exist, and it is recommended that investors fully understand the product characteristics and assess their own risk tolerance before making decisions.

The U.S. Securities and Exchange Commission (SEC) recently announced a significant reform that greatly shortens the approval process for Spot Crypto Assets ETFs other than Bitcoin and Ethereum. This decision reduces the review period from a maximum of 240 days to 75 days, while eliminating the cumbersome case-by-case approval process, significantly improving the efficiency of bringing new products to market. This shift reflects the current government's more open attitude towards digital assets, in stark contrast to its previous conservative stance. Industry experts view this move as a significant breakthrough since the Bitcoin ETF application, signaling that the crypto assets market may be poised for new development opportunities. It is worth noting that the ETF products for Solana and XRP are ready and expected to become some of the first newly approved Crypto Assets ETFs. The launch of these new products may attract more funds into the market, bringing new momentum to the Crypto Assets market. The recent policy adjustment by the SEC not only simplifies the approval process but also paves the way for a more diverse range of crypto assets to enter the traditional financial market. This may promote further integration of crypto assets with traditional finance, providing investors with more diversified investment options. However, investors still need to approach this development with caution. Although the approval process has accelerated, the SEC will still conduct strict reviews of each ETF application to ensure that investors' interests are protected. In addition, the high volatility of the Crypto Assets market remains an important factor for investors to consider. With the implementation of this policy, we may see more innovative Crypto Assets ETF products emerge, which will bring new vitality and opportunities to the entire Crypto Assets ecosystem. Investors and market participants should closely monitor developments in this field to seize potential investment opportunities.

XRP reaches an important milestone: the first XRP Spot ETF in the US—REX-Osprey XRPR ETF is officially log in to the market. This ETF showcased amazing appeal on its first day, with a volume surpassing 37.7 million USD, significantly outpacing the previously launched DOGE ETF, highlighting the strong interest from investors in XRP. On the day of the ETF listing, the price of XRP briefly soared to a high of $3.13, before retreating to around $3.02. Currently, the price of XRP remains relatively stable within the key support range of $2.75 to $3.12, with a bullish trend still evident technically. Analysts believe that if funds continue to flow in, XRP could potentially break the $5 barrier and even have a chance to reach the high of $10. It is worth noting that the U.S. Securities and Exchange Commission (SEC) currently has a series of new ETF applications under review. These potential new products could be an important factor in driving the XRP market further stronger. In addition, Ripple's ongoing expansion in the global payments network sector, as well as the potential interest rate cuts that the Federal Reserve may implement in the future, provide strong support for the long-term development of XRP. However, investors should remain cautious and closely monitor market trends and changes in the regulatory environment. The cryptocurrency market has always been highly volatile; although XRP is currently performing strongly, its future trajectory remains uncertain. Investors should fully assess risks when making decisions and align them with their own investment goals and risk tolerance.