REX Osprey, a company focused on making cryptocurrency investing accessible to everyday people, could soon make financial history by launching America’s very first exchange-traded funds (ETFs) for XRP and Dogecoin cryptocurrencies.
This ground-breaking move highlights Wall Street’s growing appetite for cryptocurrencies beyond the usual big names like Bitcoin and Ethereum. As per news reports, the Dogecoin ETF will begin trading on Thursday under the ticker symbol DOJE, followed by the XRP ETF on Friday under XRPR. Both funds are said to have successfully passed the U.S. Securities and Exchange Commission’s (SEC) critical 75-day review — a major regulatory milestone that crypto supporters have been eagerly anticipating for years.
Strategic Path Bypasses Traditional Hurdles
According to news reports, REX-Osprey executives chose a clever regulatory strategy, filing under the Investment Company Act of 1940 rather than the more restrictive Securities Act of 1933 that governs spot Bitcoin ETFs. This 1940 Act framework automatically approves funds after 75 days unless regulators specifically object.
The XRP fund targets the world’s third-largest cryptocurrency by market capitalization, currently valued at $3.00 per token. Industry analysts view this launch as a litmus test for broader institutional demand, especially since futures-based XRP products already manage nearly $1 billion in assets.
Memecoin Enters Institutional Arena
The Dogecoin ETF represents an even bolder move, transforming the internet’s favorite meme cryptocurrency into a regulated investment vehicle. DOGE trades at $0.276, having evolved from joke currency to a legitimate digital asset with a massive retail following.
REX-Osprey’s previous altcoin experiment shows strong results that may influence these new launches. Their Solana staking ETF, launched in July, has attracted over $250 million in assets amid Solana’s strong market performance. Recent trading volumes remain robust, with $177 million in weekly inflows for Solana ETPs in late August.
The company also filed for a BNB staking ETF in August, demonstrating aggressive expansion into alternative crypto markets
Regulatory Flood Gates Opening
More than 90 cryptocurrency ETF applications currently await SEC review, according to Bloomberg analyst James Seyffart. This pipeline includes products from major players like BlackRock, Franklin Templeton, Bitwise, VanEck, and Grayscale.
Canary Capital recently updated its Litecoin ETF application, with the SEC set to decide by October 2025. Bitwise filed for an Avalanche cryptocurrency ETF on Monday, joining VanEck and Grayscale in targeting the Avalanche market.
However, regulators delayed decisions on Bitwise’s Dogecoin proposal and Grayscale’s Hedera ETF until November 12, suggesting careful review continues despite the approvals.
Market Impact and Future Implications
These launches arrive as crypto markets stabilize following years of regulatory uncertainty. The SEC’s approval of spot Bitcoin and Ethereum ETFs earlier this year paved the way for additional digital asset products.
Nate Geraci is the president of Nova Dius, a research and consulting firm that specializes in ETFs. He sees the XRP launch as an important step toward wider market acceptance. He believes it could lead to spot XRP ETFs. These funds would be regulated under the U.S. Securities Act of 1933. Unlike current products, they would hold the actual XRP tokens directly instead of using derivatives.
The success or failure of these altcoin ETFs will likely determine whether Wall Street continues embracing cryptocurrency diversity or retreats to safer Bitcoin and Ethereum products. With institutional investors increasingly seeking crypto exposure, this week’s launches represent a pivotal moment for digital assets’ mainstream adoption.
