In a groundbreaking development for cryptocurrency investors, REX Shares in partnership with Osprey Funds is set to launch the REX-Osprey™ XRP ETF (ticker: $XRPR) and the REX-Osprey™ DOGE ETF (ticker: $DOJE) on September 18, 2025. This marks the introduction of the first U.S.-listed exchange-traded funds (ETFs) that provide spot exposure to both XRP and Dogecoin (DOGE), two significant players in the digital asset market.
This historic launch signifies a major shift toward broader cryptocurrency acceptance in traditional finance. As of August 2025, XRP boasts a market capitalization of approximately $167 billion, reflecting heightened interest from both institutional and retail investors. The introduction of these ETFs offers a pathway for U.S. investors to gain regulated access to large altcoins without the complexities of managing wallets or digital keys.
Until now, direct exposure to cryptocurrencies like XRP and DOGE required users to navigate platforms such as Kraken, Binance, or Coinbase. The new ETFs simplify this process, enabling individuals to purchase shares through regular brokerage accounts, IRAs, or institutional platforms.
The mechanics of the XRPR and DOJE ETFs revolve around a hybrid investment model. At least 80% of fund assets will be invested directly in XRP and DOGE or financial instruments linked to them, while a minimum of 40% will be allocated to ETFs and exchange-traded products (ETPs) that may include international listings in Canada and Europe. The custody and liquidity for these assets will be sourced from major cryptocurrency exchanges, ensuring the funds maintain robust liquidity through strategic partnerships with platforms like Coinbase and Kraken.
XRP is designed as a global payment solution, utilizing a consensus protocol that is energy-efficient when compared to mining methods used by Bitcoin and Ethereum. With its renewed institutional interest, XRP has seen its market cap recover, although it remains vulnerable to fluctuations influenced by market drivers and regulatory scrutiny.
On the other hand, DOGE has transformed from a meme-based cryptocurrency into a significant player within the market, gaining practical use cases and support from larger online communities. Its inclusion in this ETF represents a pivotal moment in legitimizing decentralized finance (DeFi) within regulated investment frameworks, highlighting its evolution from a joke currency to a legitimate asset.
While the approval of these ETFs provides new opportunities for investors, caution is warranted. Both XRP and DOGE continue to operate in largely unregulated markets and face risks such as price manipulation, regulatory uncertainties, and the inherent volatility that accompanies cryptocurrencies. Furthermore, XRP’s centralization, with Ripple Labs controlling more than 40% of its total supply, raises questions about potential market manipulation risks.
The launch of these ETFs is not a standalone event; institutional interest in altcoins is on the rise, with Canadian and European ETFs already attracting considerable assets under management. The clarity from Ripple’s legal standings following favorable outcomes in recent SEC litigation has further paved the way for these U.S.-listed investment vehicles.
As the regulatory landscape evolves, the introduction of these ETFs could herald a new era for altcoins, driven by changing investor sentiment and lower barriers to entry in cryptocurrency investing.
