REX-Osprey to Launch First US Spot XRP and Dogecoin ETFs After SEC Review This Week

XRP and Dogecoin ETFs will launch this week after clearing the SEC’s 75-day review under the Act 40 rule.

XRPR will be the first US spot ETF to give investors direct exposure to XRP through a regulated structure.

The DOJE fund will be the first US ETF offering spot exposure to Dogecoin using the same legal framework.

The United States will see its first spot XRP exchange-traded fund (ETF) launch this week. REX Shares and Osprey Funds confirmed the XRPR ETF has cleared its 75-day review period under the Investment Company Act of 1940. This legal framework allows ETF products to go live unless the Securities and Exchange Commission (SEC) raises objections, which did not occur

XRPR will provide direct exposure to XRP, holding real XRP, cash, derivatives, and U.S. Treasuries. It will begin trading under the ticker XRPR, representing the third-largest cryptocurrency by market capitalization.

Dogecoin ETF to Follow XRP Listing

Earlier this month, REX Shares filed a prospectus with the U.S. Securities and Exchange Commission for a Dogecoin exchange-traded fund. The Dogecoin ETF is scheduled for launch a day earlier. It will trade under the ticker DOJE and has also cleared the same regulatory pathway

The DOJE fund marks the first U.S.-listed ETF offering spot exposure to a memecoin. It uses the same Act 40 structure typically reserved for mutual funds and diversified ETFs. This simplifies the listing process and avoids the more complex route required under the Securities Act of 1933.

Solana Staking Fund Lags Behind in Interest

REX-Osprey previously launched a Solana staking ETF, ticker SSK, in July. It was the first of its kind to offer both spot Solana exposure and staking rewards. However, interest in the product has remained low. It holds $274 million in assets with under $25 million in inflows over the last five trading sessions. Despite this, the firm remains active in expanding its crypto ETF offerings.

More Altcoin ETFs Await SEC Decisions

The ETF market is witnessing growing interest in cryptocurrencies. Over 90 crypto ETF proposals are currently awaiting approval from the SEC. These include filings for Litecoin, Avalanche, and BNB staking ETFs. Bitwise submitted a spot Avalanche ETF filing earlier this week. Meanwhile, the SEC delayed its decisions on Bitwise’s Dogecoin ETF and Grayscale’s Hedera ETF. The new deadline for those decisions is set for November 12.

REX Shares is also behind an active filing for a BNB staking ETF. The company is pushing forward with offerings despite a slow regulatory process for ETFs filed under the Securities Act of 1933. Most spot crypto ETFs that have gone live so far used the Investment Company Act of 1940, which allows faster rollouts.

The upcoming XRP and Dogecoin ETFs highlight a shift in regulatory acceptance for altcoin investment products.