First XRP and Dogecoin ETFs to Launch, Ready for U.S Market Debut

The U.S. market is about to welcome two first-of-their-kind crypto funds as regulators show a growing openness to altcoin investment products.

REX-Osprey, a New York–based fund issuer, confirmed Monday that spot exchange-traded funds (ETFs) tied to XRP and Dogecoin are on track to begin trading this week.

First U.S. Spot ETF for XRP

The REX-Osprey XRP ETF, trading under the ticker XRPR, has cleared the Securities and Exchange Commission’s (SEC) 75-day review period and is expected to launch by Friday. It will be the first U.S. fund to give investors direct exposure to XRP, the world’s third-largest cryptocurrency by market capitalization.

Unlike spot Bitcoin ETFs that require approval under the Securities Act of 1933, the XRP fund is being launched under the Investment Company Act of 1940. That framework allows a product to become effective automatically after 75 days unless the SEC raises objections, streamlining the path to market.

Nate Geraci, president of ETF research firm The ETF Store, called the launch “a strong litmus test for demand,” noting that futures-based XRP ETFs are already approaching $1 billion in assets.

Dogecoin Joins the Lineup

Dogecoin will follow close behind. Bloomberg ETF analyst Eric Balchunas said the REX-Osprey Dogecoin ETF, ticker DOJE, is slated to start trading Thursday. It will be the first U.S. ETF dedicated to a memecoin and will use the same 1940 Act structure as the XRP product.

REX-Osprey is no stranger to crypto innovation: in July it introduced the first Solana staking ETF, and it recently filed for a BNB staking ETF as well.

Altcoin ETF Pipeline Grows

The launches come amid a surge of filings for altcoin ETFs. Bloomberg data show more than 90 crypto exchange-traded products are awaiting SEC decisions, spanning assets such as Avalanche, Litecoin, and Hedera.

Just this week, Canary Capital updated its prospectus for a Litecoin ETF, with a ruling expected in early October, while Bitwise submitted plans for a spot Avalanche fund. The SEC, meanwhile, has postponed decisions on Bitwise’s proposed Dogecoin ETF and Grayscale’s Hedera ETF until November.

Why It Matters

The imminent debut of XRP and Dogecoin ETFs underscores how quickly altcoin investment options are expanding beyond Bitcoin and Ethereum.

By leveraging the more flexible 1940 Act framework, issuers like REX-Osprey are broadening investor access to a wider range of digital assets, potentially accelerating the integration of cryptocurrencies into mainstream portfolios.