The U.S. market is set to welcome its first exchange-traded funds (ETFs) based on XRP and Dogecoin, marking a milestone for altcoin investment products. Fund issuer REX-Osprey confirmed that the XRP ETF is expected to debut this week, while a Dogecoin ETF will follow shortly after. XRP ETF to Trade Under XRPR The REX-Osprey XRP ETF, set to trade under the ticker XRPR, will provide spot exposure to XRP, currently the third-largest cryptocurrency by market capitalization. The fund has cleared the Securities and Exchange Commission’s (SEC) 75-day review window and is slated to begin trading on Friday, barring unforeseen delays. The launch falls under the Investment Company Act of 1940, which allows funds to automatically take effect after 75 days unless the SEC raises objections. This pathway differs from the Securities Act of 1933, which governs spot Bitcoin ETFs and involves a more complex approval process. Market Views and Demand Industry experts see the launch as a key test for demand. “This will be another good litmus test for ‘33 Act spot XRP ETF demand,” said Nate Geraci, President of ETF consultancy Nova Dius. He noted that futures-based XRP ETFs are already nearing $1 billion in assets. Dogecoin ETF Follows Suit Dogecoin is also set for its first U.S.-listed ETF. “As of now, the Doge ETF DOJE is slated for a Thursday launch,” Bloomberg ETF analyst Eric Balchunas said. The REX-Osprey Dogecoin ETF will also operate under the 1940 Act framework. It marks the first memecoin ETF in the country and reflects growing acceptance of alternative cryptocurrencies in mainstream investment channels. Track Record and Other Products REX-Osprey has been active in the altcoin ETF space. In July, the company launched a Solana staking ETF, though investor appetite has been limited, with just $274 million in assets since launch. In late August, REX-Osprey also filed for a BNB staking ETF. A Pipeline of Crypto ETFs The new launches are part of a broader wave of crypto ETFs under review. According to Bloomberg analyst James Seyffart, more than 90 such products are currently awaiting SEC approval. Among them is Canary Capital’s Litecoin ETF, which is expected to receive a final decision in early October. Bitwise has also filed for a spot Avalanche ETF, joining VanEck and Grayscale as contenders for approval. However, the SEC has delayed decisions on other filings, including Bitwise’s Dogecoin ETF and Grayscale’s Hedera ETF, extending deadlines until November 12. The imminent arrival of XRP and Dogecoin ETFs is expected to set the tone for how regulators and investors approach the next wave of altcoin investment vehicles.
