REX-Osprey DOGE and XRP ETFs to launch This Thursday

The first spot Dogecoin (DOGE) and XRP exchange-traded funds (ETFs) are set to make their debut in the United States this week. The funds, issued by REX-Osprey, are both scheduled to launch this Thursday, September 18

Eric Balchunas, a senior ETF analyst at Bloomberg, confirmed in a post on X today that the Dogecoin ETF will trade under the ticker DOJE and the XRP ETF under XRPR. 

Meanwhile, this is coming just after the launch of both launches was pushed back last week at the last minute.

First U.S. ETFs to Offer Spot Crypto

REX Shares, the asset manager behind the products, has also confirmed this. In a post on X, the firm said that XRPR will be the first U.S. ETF to give investors direct spot exposure to XRP. This means that instead of investors buying the token directly, they can manage them through the ETF.

“XRPR will be the first U.S. ETF to deliver investors spot exposure to the third-largest crypto by market cap,” the company posted.

Regulatory and Design Details

The two new funds will be launched under the Investment Company Act of 1940, widely referred to as the 40 Act. This allows the products to reach the market even as filings under the Securities Act of 1933 remain pending. 

According to Balchunas, there are already seven issuers who have filed applications for an XRP ETF under the 33 Act and three who have applied for a Dogecoin ETF. However, none of those filings have been approved by the Securities and Exchange Commission.

How the ETFs Are Designed and What They Hold

Balchunas’s colleague, James Seyffart shared more details about the structure of the funds. He said the DOJE ETF will hold other spot DOGE ETFs, while the XRP ETF will include a mix of assets along with spot XRP. This makes them a bit different from regular single-asset ETFs.

Meanwhile, Balchunas also pointed out that the same prospectus that cleared the way for DOJE and XRPR included filings for TRUMP and BONK ETFs, though there are no launch dates yet for those.

REX Shares has been expanding its presence in crypto-linked funds. The company previously launched the first Solana staking ETF under the 40 Act, which recently crossed $250 million in assets under management. The success of that product has raised expectations for similar growth with the new Dogecoin and XRP funds.

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