The financial world in the United States is about to open its doors to a unique set of cryptocurrency investment products. Starting tomorrow, investors can access new exchange-traded funds (ETFs) linked to XRP and Dogecoin (DOGE). This marks a notable expansion beyond Bitcoin and Ethereum in regulated crypto offerings.
REX Shares and Osprey Funds are behind these new ETFs. They will launch the XRP fund under the ticker “XRPR” and the Dogecoin fund as “DOJE” on the Cboe BZX exchange. What makes these special is that the Dogecoin ETF will be the first regulated stock market vehicle for a memecoin. While these funds are not “pure” spot ETFs, they still represent a significant milestone for the crypto market.
Launching Tomorrow: REX-Osprey™ XRP ETF, , & REX-Osprey™ DOGE ETF, .
The first U.S.-listed ETFs offering spot exposure to and go live tomorrow, offering investors a way to access these digital assets through an ETF structure.
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— REX Shares (@REXShares)
These investment tools follow the Investment Company Act of 1940. They mix direct ownership of XRP and DOGE with stakes in international ETFs and possibly some derivatives. This setup is different from the simpler Bitcoin and Ethereum spot ETFs already trading in the US. James Seyffart, an analyst from Bloomberg, pointed out this distinction. He explained that these are not “pure” spot funds because of their blended approach.
The XRP ETF tracks the third-largest cryptocurrency by market value. The Dogecoin ETF breaks new ground as the first memecoin ETF. Both funds cleared the review period with the Securities and Exchange Commission (SEC) without any issues. This allowed them to launch automatically, showing growing acceptance for diverse crypto products.
More Ways to Invest in Crypto for US Players
While these launches are fresh, they aren’t the very first for XRP. Earlier this year, Teucrium Investment Advisors launched the first leveraged XRP ETF in the US. That fund saw an impressive $5 million in trading volume on its opening day. This week also brought news that CME Group plans to introduce options for its XRP and Solana futures contracts.
These new options mean US investors, both big and small, have more ways to engage with cryptocurrencies. They can now look beyond just Bitcoin and Ethereum. This is especially good for those who want exposure to XRP using regulated investment and hedging tools.
As of the latest check, XRP was trading around $3.06, showing almost no change in the past 24 hours. Dogecoin, however, was up about 3.5% for the day, priced at roughly $0.2786, according to data from CoinGecko.