REX-Osprey Launches First US Dogecoin and XRP ETFs

• REX-Osprey launched the first US Dogecoin and XRP ETFs under tickers DOJE and XRPR. 

• The funds use a 40 Act structure and invest in other crypto ETFs rather than holding direct cryptocurrency positions. 

• More DOGE and XRP ETFs are awaiting SEC approval, with additional filings under review.

REX Shares and Osprey Funds have officially launched their groundbreaking Dogecoin and XRP exchange-traded funds. The launches of DOJE and XRPR follow the successful debut of the REX-Osprey™ SOL + Staking ETF (SSK) on July 2, 2025, marking a significant milestone in cryptocurrency investment products.

The DOJE ETF represents the first-ever Dogecoin ETF available to US investors. Unlike traditional cryptocurrency ETFs, these funds operate under the Investment Company Act of 1940 rather than standard spot cryptocurrency structures. This regulatory framework provides institutional investors with regulated exposure to digital assets through established investment vehicles.

Bloomberg analysts predict Rex-Osprey’s Dogecoin (CRYPTO: DOGE) and XRP ETFs will get the SEC green light on Thursday, September 18. The XRP fund trades under ticker XRPR, while the Dogecoin fund uses the symbol DOJE. Both products utilize the faster 40 Act approval process, allowing quicker market entry than traditional spot ETF applications.

Unique Fund Structure Sets Precedent

These ETFs differ significantly from existing cryptocurrency investment products. The funds do not hold 100% spot cryptocurrency positions. Instead, they invest in other spot DOGE or XRP ETFs to give investors indirect exposure to these digital assets. This structure allows compliance with regulatory requirements while maintaining investment objectives.

Greg King, CEO and founder of REX Financial and Osprey Funds, emphasized the importance of these launches. He stated that the digital asset revolution continues advancing and expressed pride in offering exposure to popular digital assets under established regulatory frameworks.

The launch builds upon the success of REX-Osprey’s Solana staking ETF. SSK was the first U.S.-listed ETF to combine spot Solana exposure with on-chain staking rewards and has since surpassed $275 million in assets under management. This demonstrates growing institutional appetite for cryptocurrency investment products.

Market Outlook and Future Developments

Bloomberg analyst Eric Balchunas projected DOJE trading volume around $2.5 million on its launch day. He noted that the 40 Act structure might generate less initial interest than traditional crypto ETFs from major issuers. The XRP ETF may experience lower volumes due to existing 40 Act XRP funds already in the market.

Additional DOGE and XRP ETFs await regulatory approval. The SEC has three 33 Act filings for Dogecoin ETFs and seven for XRP ETFs under review. These applications could benefit from recent generic listing standards that streamline cryptocurrency ETF approval processes.

It’s a good question to ask. In the future the 19b-4s will not be needed. I’m not 100% certain what happens with the ones on file.

— James Seyffart (@JSeyff) September 17, 2025

Market expert Nate Geraci highlighted the significance of these launches, particularly for XRP exposure. He previously predicted strong demand for XRP ETFs based on the success of CME futures and futures-based products. The launches represent expanding institutional cryptocurrency adoption and provide new investment avenues for digital asset exposure.

Setting the over/under on $DOJE volume on Day One at $2.5 million (which is respectable table but nothing too special). The fact that’s it 40 Act and not 33 Act (and is not big boy issuer) could diminish interest a bit relative to other crypto first evers. We’ll soon find out.

— Eric Balchunas (@EricBalchunas) September 18, 2025

These pioneering funds establish important precedents for alternative cryptocurrency investment products. They demonstrate regulatory pathway options for asset managers seeking cryptocurrency exposure through traditional investment structures.