The first batch of Spot ETFs tracking XRP and DOGE began trading on Thursday, breaking market expectations with an astonishing volume on the first day. Launched by REX Shares and Osprey Funds, these two products had a total trading volume of up to $54.7 million. Among them, the XRP ETF (XRPR) achieved a trading volume of $37.7 million, making it the largest debut of all ETFs in 2025. Their successful issuance not only indicates strong demand from investors for altcoin assets but also opens up new avenues for future Crypto Assets fund products.

After the Fed lowered the interest rate by 25 basis points, the price of Bitcoin soared to a one-month high, briefly reaching $118,000. This pump was driven by multiple factors, including sustained capital inflows into the Spot ETF, large-scale withdrawals indicated by on-chain data, and bullish futures positions from traders. Analysts point out that if Bitcoin can hold the critical support at $115,000, the price is expected to rise further to $123,000 or even $137,000, but if it falls below that, there is a risk of a pullback.

Shiba Inu (SHIB) has declined nearly 38% year-to-date and shows minimal growth of only 33% from September 2021 to 2025. Long-term holders have faced significant losses, while short-term investors have seen profits. In contrast, other cryptocurrencies have significantly outperformed SHIB.