Key Takeaways
- The first XRP and DOGE ETFs could debut as early as Thursday.
- Filed under the 1940 Act, the funds bypass traditional ETF approval hurdles.
- More than 90 altcoin-focused ETF applications remain pending with the SEC.
The long wait for more crypto exchange-traded funds (ETFs) may soon be over.
Dogecoin (DOGE) and XRP are poised to become the first cryptocurrencies after Bitcoin and Ethereum to receive ETF listings in the United States, with trading expected to begin as early as Thursday.
XRP and Dogecoin ETFs Slated for Launch
ETF analysts Eric Balchunas and James Seyffart confirmed that the REX-Osprey XRP ETF (XRPR) and the Dogecoin ETF (DOJE) are scheduled to list on Sept. 18, following a short delay from their initial Sept. 12 target.
Both products were filed under a single prospectus, which also included TRUMP and BONK ETFs—though no launch date has been set for those.
Developed by REX Shares in partnership with Osprey Funds, the ETFs will allow investors to gain exposure to DOGE and XRP through standard brokerage accounts, sidestepping the need for crypto wallets or direct exchange holdings.
Shares will trade on major U.S. platforms like the NYSE or Nasdaq, making the tokens more accessible to traditional investors.
Why These ETFs Are Different
Unlike Bitcoin and Ethereum spot ETFs, which went through a protracted approval process under the Securities Act of 1933, these funds leverage the Investment Company Act of 1940, commonly known as the “40 Act.”
The framework provides a streamlined path for products that include enhanced investor protections around custody, governance, and transparency—features regulators view favorably.
The ETFs will hold XRP directly while using a Cayman Islands subsidiary to manage exposure, capped at 25% of assets.
They may also use derivatives to supplement spot tracking, aligning with U.S. tax rules for regulated investment companies.
A Gateway for Altcoins
The SEC’s willingness to greenlight products beyond Bitcoin and Ethereum underscores growing institutional demand for altcoin exposure.
XRP and DOGE are merely the first in line: more than 90 ETF filings tied to other cryptocurrencies, including Avalanche and Litecoin, remain under review.
Analysts expect decisions on some of these as early as October, with approval odds running as high as 95%.
If successful, the XRP and DOGE ETFs could pave the way for billions in new inflows, potentially fueling broader adoption of altcoin-based investment products.
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Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
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