The U.S. Securities and Exchange Commission (SEC) has approved two groundbreaking cryptocurrency ETFs, marking a major milestone for altcoins. The newly approved REX-Osprey XRP ETF (XRPR) and REX-Osprey Dogecoin ETF (DOJE) are set to begin trading this week, offering spot exposure to XRP and Dogecoin — and opening the door for broader institutional investment in the crypto space.
XRP ETF to Launch Friday with Spot Exposure
The REX-Osprey XRP ETF, trading under the ticker XRPR, will officially begin trading this Friday. It’s the first U.S.-approved spot ETF tied to XRP, the third-largest cryptocurrency by market cap. The fund was approved under the Investment Company Act of 1940, following the SEC’s standard 75-day review window.
This ETF gives investors direct exposure to XRP’s market price without the need to hold the token themselves. It’s expected to draw strong interest from institutional and retail investors looking to diversify beyond Bitcoin and Ethereum. With growing demand for regulated crypto investment products, XRPR could be a key entry point into altcoin investing for mainstream markets.
Dogecoin ETF Set to Debut Thursday – A First for Memecoins
Also launching this week is the REX-Osprey Dogecoin ETF, which will begin trading under the ticker DOJE on Thursday. According to Bloomberg analyst Eric Balchunas, this marks the first memecoin ETF to launch in the United States — a notable step in bringing more unconventional digital assets into regulated finance.
Originally created as a joke, Dogecoin gained popularity as a community-driven crypto and became a cultural phenomenon, especially after endorsements from Elon Musk. Now, with the launch of DOJE, Dogecoin has entered the world of traditional finance — and the ETF could appeal to both crypto enthusiasts and curious investors drawn by the memecoin’s notoriety.
Crypto ETF Market Grows: Over 90 Altcoin Funds Await Approval
The approval of XRPR and DOJE adds to REX-Osprey’s expanding crypto ETF lineup, which already includes a Solana staking ETF and a pending BNB staking ETF. But these aren’t the only funds on the horizon.
More than 90 crypto ETF applications are currently under review by the SEC. Notable filings include the Canary Capital Litecoin ETF and Bitwise’s Avalanche ETF, signaling a broader push to bring diversified crypto exposure to U.S. investors.
Industry analysts say this wave of altcoin ETFs is part of a larger trend: growing institutional appetite for regulated crypto investment vehicles. Following the success of Bitcoin and Ethereum ETFs, it’s clear the market is now ready to embrace a wider range of digital assets.
