The Rex-Osprey XRP ETF and DOJE ETF debuted, bringing in close to $38 million and $17 million respectively on their first day, marking a significant interest in altcoin investments. This was the most successful ETF launch of the year, according to Bloomberg's Senior ETF Analyst, Eric Balchunas, who noted it was a good sign for future crypto ETF approvals by the SEC. The XRP price dipped to approximately $3.01, losing over 3%, while Dogecoin fell to nearly $0.27, down 6%. The introduction of standards for commodity-based trusts by the SEC aims to simplify the process for crypto ETFs. The success of previous Bitcoin and Ethereum ETFs has led to a rush of applications for altcoin-focused funds, with over 90 submissions pending approval. This reflects a growing demand for diversified crypto investment products within the market, setting a positive tone for the continuing development of cryptocurrency ETFs.

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