Rex Shares and Osprey Funds have announced a groundbreaking development in the cryptocurrency investment landscape with the impending launch of the first-ever spot exchange-traded funds (ETFs) for Ripple (XRP) and Dogecoin (DOGE) in the United States. Set to debut on September 18, subject to approval from the U.S. Securities and Exchange Commission (SEC), these ETFs will offer U.S. investors direct exposure to both XRP, the third-largest cryptocurrency by market capitalization, and the leading meme coin, Dogecoin.
The newly proposed REX-Osprey™ XRP ETF, trading under the ticker symbol XRPR, will hold XRP directly while allocating at least 40% of its assets to shares of other XRP-related ETFs. Meanwhile, the Dogecoin ETF will trade under the ticker DOJE. This approach marks a significant shift in how cryptocurrency investments can be structured within regulated financial products.
Interestingly, these ETFs have been filed under the 1940 Investment Company Act, which provides a 75-day review window. If the SEC does not raise any objections during this period, the ETFs will be automatically approved. Bloomberg Intelligence analyst James Seyffart noted that this filing structure resembles that of the Solana staking ETF launched in June 2025, suggesting it may set a precedent for how future cryptocurrency ETF applications will be handled.
This announcement reflects a changing attitude from the SEC regarding crypto-linked products. Since approving spot creation and redemption orders for crypto ETFs in July 2025, the SEC’s stance has appeared more accommodating, paving the way for innovations in the crypto finance sector. This regulatory evolution comes shortly after Ripple secured a legal victory against the SEC, boosting investor confidence in XRP, which currently trades around $3.00 and boasts a market capitalization exceeding $178 billion.
The introduction of these ETFs adds to the growing momentum of crypto investments, following the successful launches of Bitcoin and Ethereum spot ETFs. Analysts speculate that offering ETFs for Dogecoin could help legitimize the asset, which has primarily been viewed as a speculative meme token.
Additionally, Rex Shares and Osprey Funds have expressed plans to unveil ETFs linked to other cryptocurrencies, such as Bitcoin (BTC) and Bonk (BONK), highlighting a trend toward diversification in the crypto investment arena. This move could significantly broaden access for investors looking to navigate the evolving landscape of digital assets, although it also serves as a reminder of the high-risk nature of cryptocurrencies. Investors are cautioned that involvement in this asset class may lead to substantial capital loss.
Overall, the expected launch of these spot ETFs marks a pivotal moment for the U.S. cryptocurrency market, opening new avenues for investment and potentially reshaping the perception of both XRP and Dogecoin within the financial community.
