Two new altcoin exchange-traded funds (ETFs) are preparing to launch in the United States this week, offering investors new ways to gain exposure to XRP and Dogecoin.
The REX-Osprey XRP ETF, trading under the ticker XRPR, is expected to begin trading on Friday. It will be the first US ETF to provide spot exposure to XRP, currently the third-largest cryptocurrency by market capitalisation.
The fund cleared the Securities and Exchange Commission’s (SEC) 75-day review period without objection. It is launching under the Investment Company Act of 1940, which allows products to go live automatically after the review period, unlike spot Bitcoin ETFs filed under the Securities Act of 1933.
“This will be another good litmus test for spot XRP ETF demand,” said Nate Geraci, president of ETF research firm Nova Dius, noting that futures-based XRP ETFs are already close to $1 billion in assets.
Dogecoin ETF Launching Thursday
Alongside XRP, REX-Osprey is also set to bring the first Dogecoin ETF to the US market. Bloomberg ETF analyst Eric Balchunas confirmed that the DOJE ETF is planned for a Thursday launch.
Like XRPR, the Dogecoin fund gained approval under the 1940 Act. It will also mark the first memecoin ETF in the United States.
REX-Osprey Expands Its Crypto ETF Lineup
REX-Osprey has been actively developing crypto ETFs this year. In July, it launched the first Solana staking ETF (SSK), though demand has been weak. The fund currently manages $274 million in assets, with less than $25 million in inflows over the past five days, according to Farside Investors.
In late August, the company also filed for a BNB staking ETF.
More Crypto ETF Filings Under Review
The SEC is reviewing more than 90 crypto exchange-traded products as of the end of August, Bloomberg ETF analyst James Seyffart reported.
On Tuesday, Seyffart noted that Canary Capital updated the prospectus for its Litecoin ETF, which faces a final SEC decision in early October.
Meanwhile, Bitwise has filed for a spot Avalanche ETF, joining VanEck and Grayscale as issuers pursuing the same product.
However, not all proposals are moving forward quickly. The SEC has postponed decisions on Bitwise’s Dogecoin ETF and Grayscale’s Hedera ETF, pushing the deadline to 12 November.
