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Rex Shares and Osprey Funds announced on September 15 that they will launch the first-ever spot exchange-traded funds (ETFs) for Ripple (XRP) and Dogecoin (DOGE) in the United States. This milestone move will allow U.S. investors to gain direct exposure to both XRP and the leading meme coin Dogecoin through regulated financial products.
The REX-Osprey™ XRP ETF, $XRPR, is coming this week!$XRPR will be the first U.S. ETF to deliver investors spot exposure to the third largest cryptocurrency by market cap, $XRP.
From REX-Osprey™, the team behind $SSK.@OspreyFunds
View Fund Prospectus:… pic.twitter.com/qMdKhfBZ0e
— REX Shares (@REXShares) September 15, 2025
The ETFs are expected to begin trading on September 18, provided the U.S. Securities and Exchange Commission (SEC) raises no last-minute objections.
How the ETFs Work
According to filings, the Ripple ETF will trade under the ticker XRPR, while the Dogecoin ETF will use the ticker DOJE. The XRPR fund will primarily hold XRP directly, while allocating at least 40% of its assets to shares of other XRP-related ETFs.
Unlike many crypto ETFs that are filed under the 1933 Securities Act, these products were submitted under the 1940 Investment Company Act, a structure that gives the SEC a 75-day review window. If no objections are filed during that period, the ETFs are automatically approved.
Bloomberg Intelligence analyst James Seyffart noted that this structure mirrors the Solana staking ETF launched in June 2025, suggesting this could become a model for future crypto ETF approvals.
Market Impact and SEC’s Evolving Stance
This development reflects a more accommodative stance by the SEC toward crypto-linked products. In July 2025, the regulator approved spot creation and redemption orders for crypto ETFs, signaling a friendlier regulatory climate.
The timing is also significant given Ripple’s recent legal victory over the SEC, which boosted confidence in XRP. At the time of writing, XRP trades around USD 3.00 with a market capitalization exceeding USD 178 billion.
The launch of these ETFs adds momentum to the expanding crypto investment landscape, following the success of Bitcoin and Ethereum spot ETFs. Analysts suggest this move could also help legitimize Dogecoin, which has historically been viewed as a speculative meme coin.
Alongside XRP and DOGE, Rex Shares and Osprey Funds also revealed ETFs tied to Bitcoin (BTC) and Bonk (BONK), signaling a wave of product diversification in the crypto finance sector.
