According to data released by Bloomberg analyst Eric Balchunas, several newly approved cryptocurrency ETFs saw strong first-day trading figures. Among them: $GDLC, the first five-coin basket spot cryptocurrency ETF, saw $22 million in trading volume; $DOJE, the Dogecoin ETF, saw $12 million in trading volume; and $XRPR, the Ripple ETF, saw $15 million in trading volume.

Analysts stated that while the first-day trading volumes of these three products fell far short of the previous record-breaking performance of Bitcoin ETFs, they still significantly exceeded the average first-day trading volume for US ETFs, demonstrating a solid start overall. This performance reflects the continued market demand for diversified crypto asset ETFs, which issuers are expected to leverage to further expand their product portfolios.