Introduction
Two new exchange-traded funds (ETFs) linked to XRP and Dogecoin are scheduled to debut in the United States this week. The launches coincide with a warming regulatory environment toward crypto investment products.
Spot ETFs for XRP and Dogecoin
The REX-Osprey XRP ETF, trading under the ticker XRPR, is expected to become the first US fund offering spot exposure to XRP, the third-largest cryptocurrency by market capitalization. According to the issuers, REX and Osprey have cleared the Securities and Exchange Commissions (SEC) 75-day review period. Trading is slated to begin on Friday, pending any unforeseen delays.
The fund will launch under the Investment Company Act of 1940, which streamlines the approval process. Under this act, ETFs can begin trading automatically after 75 days unless the SEC objects. This differs from the more rigorous Securities Act of 1933, which governs spot Bitcoin ETFs.
Industry analysts see the upcoming ETFs as a gauge for institutional and retail demand for altcoin investment products. Futures-based versions of XRP ETFs have already accumulated close to $1 billion in assets, according to Nova Dius President Nate Geraci.
Dogecoin ETF to Premiere
The REX-Osprey Dogecoin ETF, trading as DOJE, is projected for a Thursday launch. It is the first US ETF tied to a memecoin and has received approval under the same 1940 Act framework. This structure is frequently used for mutual funds and diversified ETFs.
Market Context
The REX-Osprey team previously launched the first Solana staking ETF (SSK) in July. However, market interest has been limited, with assets under management totaling $274 million since launch and trading volumes below $25 million over the past week, according to Farside Investors. In August, the issuer also filed with the SEC for a BNB staking ETF.
Upcoming Crypto ETF Filings
The SEC is reviewing more than 90 crypto-related exchange-traded products as of the end of August, reports Bloomberg ETF analyst James Seyffart. On Tuesday, Canary Capital updated its prospectus for a Litecoin ETF, which faces an SEC decision in early October. Meanwhile, Bitwise filed this week for a spot Avalanche ETF, joining VanEck and Grayscale as active filers for Avalanche-related funds.
The SEC has also delayed decisions on Bitwise's proposed Dogecoin ETF and Grayscales Hedera ETF, now targeting a decision by November 12.
Conclusion
The anticipated debut of XRP and Dogecoin ETFs marks a significant step for US crypto investment options. These launches signal continued progress in regulatory acceptance and institutional adoption of digital asset products.
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