Dogecoin and XRP Spot ETFs Debut as REX-Osprey Sets New Trading Milestones

Jakarta, Pintu News – REX Shares and Osprey Funds have officially launched their Dogecoin (DOGE) and XRP (XRP) ETFs. The fund is the first in the United States to provide spot exposure to these altcoins for institutional investors.

Since its launch, the fund has recorded millions of dollars in trading volume, something Bloomberg analyst Eric Balchunas called impressive.

REX-Osprey’s Dogecoin and XRP ETFs Officially Launched

In an official press release, REX-Osprey announced the launch of the DOJE and XRPR ETFs, which are the first ETF funds in the United States to provide investors with spot exposure to DOGE and XRP cryptocurrencies.

Also read: Over 500,000 Dormant XRP Wallets Hold 10.7 Million Tokens, What’s Up?

The asset manager stated that DOJE is the first Dogecoin ETF ever, as there is no futures-based fund for the popular meme coin.

As highlighted by Bloomberg analyst Eric Balchunas, this ETF is also the first fund in the US to provide exposure to digital assets that are considered to have no real utility yet.

According to Coingape’s report, these Dogecoin and XRP ETFs were released under the Investment Company Act of 1940 (otherwise known as the 40 Act) regulations and do not fully hold spot assets.

Part of the fund’s portfolio content includes other spot DOGE or XRP ETFs, which are designed to give investors indirect exposure to the altcoin.

DOGE and XRP ETFs Follow Solana’s Staking ETF Trail

In response to this launch, Greg King – CEO and founder of REX Financial and Osprey Funds – said that the digital asset revolution is already underway, and they are proud to provide access to these popular digital assets within the framework of an ETF regulated by the 40 Act.

Interestingly, the launch of the Dogecoin and XRP ETFs follows in the footsteps of REX-Osprey’s Solana (SOL) staking ETF, which was the first ETF with spot exposure to SOL while providing returns from on-chain staking. The fund currently manages assets totaling more than $275 million.

Market watcher Nate Geraci also highlighted the launch of the DOJE and XRPR ETFs through a post on the X platform.

Previously, Geraci had predicted that XRP ETFs would be in high demand, given the success already achieved by CME futures contracts and futures-based ETFs.

Additionally, the SEC has also approved a Grayscale product called GDLC. Although GDLC is not a pure XRP ETF, the fund includes XRP in its portfolio and gives investors spot exposure.

Launch Day Trading Performance

Eric Balchunas, an analyst from Bloomberg, initially predicted that the trading volume of the DOJE ETF on its launch day would only reach around $2.5 million.

He explains that since this ETF is issued under 40 Act regulation-not 33 Act or by a large issuer-investor interest will likely be lower than other recently launched crypto ETFs.

He also expects trading volumes for XRP ETFs to be smaller, given that there are already several other XRP funds that are also under the 40 Act.

However, the prediction was way off. Within the first hour of trading, the DOJE ETF recorded nearly $6 million in volume. Balchunas called this achievement “very surprising,” as most ETFs only register volumes under $1 million on their first day of launch.

Read also: Dogecoin Price Drops Slightly Today (9/19/25): DOGE ETF Anticipation Triggers Huge Selling Wave!

Meanwhile, the XRP ETF recorded a trading volume of $24 million in just the first two hours. Balchunas admitted that this figure was far beyond his expectations. He added that the volume was five times greater than the volume achieved by any XRP futures ETF on their first day of trading.

Other Dogecoin and XRP ETFs to Follow Soon

More Dogecoin and XRP ETFs are expected to launch soon after the US Securities and Exchange Commission (SEC) approved generic listing standards for crypto assets. Under these new rules from the SEC, DOGE and XRP are among the altcoins that are likely to get ETF approval sooner.

Currently, there are three DOGE ETF filings under the 33 Act regulation, as well as seven XRP ETF filings. However, the SEC has not made it clear whether the filings will have to wait until the final deadline in October before they can be launched.

When asked to comment on the 19b-4 filings under the 33 Act, Bloomberg analyst James Seyffart admitted that he is not entirely sure what will happen to the applications still pending on the SEC’s desk.

Even so, he notes that in the future, forms 19b-4 like this will likely no longer be necessary.

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Reference:

• Coingape. First U.S. Spot Dogecoin and XRP ETFs Launch as REX Osprey Debuts DOJE and XRPR. Accessed on September 19, 2025
• Crypto News. REX Osprey Debuts First U.S. Spot Dogecoin and XRP ETFs. Accessed on September 19, 2025