On September 19, 2025, Dogecoin (DOGE) and XRP launched their spot ETFs in the U.S., though the crypto market's reaction has been lukewarm. While some view this as a sign of increased legitimacy for previously considered 'meme' cryptocurrencies, skepticism remains about the impact of such ETFs on the investment landscape. Over the past 24 hours, DOGE saw a drop of over 2%, a stark contrast to the wild volatility seen in 2021, indicating a shift in trader sentiment. Similarly, XRP's price fell by 2%, with traders actively seeking downside protection in the options market. Bitcoin, Ethereum, and other cryptocurrencies also faced downward pressure, signifying a cautious approach among investors amidst traditional market uncertainties. Overall, the initial performance of these ETFs was marked by low enthusiasm from traders, reflecting a broader skepticism about their potential benefits and the atmosphere in the crypto space as the Federal Reserve signals caution with upcoming rate cuts.

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