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REX and Osprey launch first U.S. DOGE and XRP ETFs under 40 Act.
DOJE is the first-ever Dogecoin ETF; XRPR gives direct XRP exposure.
More DOGE and XRP ETFs are expected as SEC streamlines approvals.
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A new chapter for altcoin investing has begun. REX Shares and Osprey Funds have officially launched the REX-Osprey DOJE ETF and REX-Osprey XRPR ETF, marking the first U.S.-listed exchange-traded funds to offer institutional investors direct spot exposure to Dogecoin (DOGE) and XRP.
A Milestone for Meme Coins and Altcoins
The DOJE ETF is the first-ever Dogecoin fund, filling a gap in the market as no futures-based DOGE products exist. Bloomberg’s Eric Balchunas noted this as the first U.S. ETF tied to an asset widely seen as lacking utility — underscoring the novelty of the move. The XRPR ETF gives regulated exposure to XRP, complementing Grayscale’s GDLC fund, which holds XRP but is not a dedicated XRP ETF.
Both funds operate under the 40 Act structure and won’t be entirely spot-backed. Instead, they will hold a mix of other DOGE or XRP spot ETFs to achieve exposure while staying within the regulatory framework.
Industry Reactions and Market Outlook
REX-Osprey founder Greg King said the launch reflects growing investor appetite for digital assets, describing it as part of a “digital asset revolution.” Market analyst Nate Geraci echoed that XRP products could see strong demand, citing the success of CME futures-based ETFs.
This debut follows the earlier launch of the REX-Osprey Solana staking ETF, which quickly grew past $275 million in assets under management — showing investor willingness to explore new crypto-linked funds.
More DOGE and XRP ETFs Could Be Coming
With the SEC approving generic listing standards, more DOGE and XRP ETFs are expected. There are currently three pending 33 Act filings for DOGE ETFs and seven for XRP. While the SEC hasn’t confirmed timelines, Bloomberg’s James Seyffart suggested these may soon bypass the 19b-4 process entirely.
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
Balchunas predicted the DOJE ETF may see around $2.5 million in first-day volume, with XRPR likely starting smaller due to competing 40 Act funds.
The launch of these first U.S. Dogecoin and XRP ETFs is a symbolic milestone, bringing two of the most talked-about altcoins into mainstream financial markets — and setting the stage for more crypto ETFs ahead.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: BONK ETF Delay Amid Dogecoin Rally Signals Rising Memecoin Momentum
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