Cryptocurrencies Dogecoin and XRP breakthrough with first US exchange-traded fund approvals for spot trading
New US-Listed ETFs Provide Spot Exposure to Dogecoin and XRP
In a significant move for the cryptocurrency market, the REX-Osprey DOJE and XRPR ETFs have been launched, marking the first US-listed ETFs to provide spot exposure to Dogecoin and XRP respectively. These ETFs are structured under the Investment Company Act of 1940, ensuring stringent oversight on fund operations and investor protections.
The REX-Osprey XRPR ETF, for instance, intends to hold most of its assets directly in XRP, with the remainder in exchange-traded products backed by the token. This ETF provides investors with exposure to XRP, a cryptocurrency best known for enabling fast, low-cost cross-border payments. On September 18, XRP saw a 3.05 percent increase to US$3.12, with its 24-hour volume up 75 percent to nearly US$7.8 billion.
Similarly, the REX-Osprey DOJE ETF holds spot Dogecoin, a token that began as an online parody in 2013 and gained prominence through social media enthusiasm, celebrity endorsements, and its Shiba Inu mascot. The ETF gives traditional brokerage account holders the ability to trade DOGE without direct crypto exchange access. Dogecoin experienced a 5.77 percent increase to US$0.28 on September 18, with daily trading volume climbing more than 44 percent to US$5.66 billion.
The launch of these ETFs comes amidst increased competition in the US crypto ETF market, following recent regulatory clarity. In early 2025, spot bitcoin ETFs opened, drawing billions in inflows after years of regulatory hurdles. The US crypto ETF market has since seen growth, with 15 Canadian Crypto ETFs in 2025. The REX-Osprey DOJE and XRPR ETFs quickly gathered momentum, surpassing US$275 million in assets under management.
REX Shares, in partnership with Osprey Funds, developed and marketed these ETFs. Both companies are known for creating investment products that combine traditional finance with digital assets. Greg King, CEO and founder of REX Financial and Osprey Funds, stated that the move is an extension of the firm's first-to-market strategy.
It's important to note that this article does not disclose any direct investment interest in any company mentioned. The topic of taxes on cryptocurrencies has been covered elsewhere, and it's crucial for investors to understand the tax implications of investing in these ETFs.
In conclusion, the launch of the REX-Osprey DOJE and XRPR ETFs represents a significant step forward for the US crypto ETF market. These ETFs provide a unique opportunity for traditional investors to gain exposure to Dogecoin and XRP, two prominent cryptocurrencies in the market. As always, it's essential for investors to conduct thorough research and consider their investment strategies carefully.
