The first spot ETFs for XRP and DOGE, named XRPR and DOJE, launched on September 18, recording impressive trading volumes of $37.7 million and $17 million, respectively. Grayscale's GDLC basket ETF followed with a $22 million debut on September 19. Despite the strong start, the broader cryptocurrency market experienced a $1.7 billion liquidation event on September 22, challenging institutional interest in these new altcoin ETFs. The U.S. SEC's new universal listing standards, effective September 17, have streamlined the approval process for over 100 pending ETF applications, potentially paving the way for more crypto investment products.