REX-Osprey has rolled out the first U.S. spot exchange-traded funds for Dogecoin and XRP, giving investors a simple way to access the two popular cryptocurrencies through regulated markets. The launch took place this week on Cboe Global Markets.
The Dogecoin fund, listed as DOJE, is the first ever ETF tied to the meme coin that rose to fame with its Shiba Inu mascot. XRPR, the new XRP fund, provides direct exposure to Ripple’s token known for powering fast and low-cost cross-border payments worldwide.
According to the press release, both funds are registered under the 1940 Act, offering investors protection within a regulated framework. Instead of holding only the assets, they will also invest in other crypto exchange-traded products designed to back their exposure to DOGE and XRP.
Greg King, founder and chief executive of REX Financial and Osprey Funds, said, “The digital asset revolution is already underway, and to be able to offer exposure to some of the most popular digital assets within the protections of the U.S. ’40 Act ETF regime is something REX-Osprey is proud of and has worked diligently to achieve.”
The debut follows the July launch of the REX-Osprey Solana Staking ETF, which was the first U.S. fund to pair spot Solana exposure with on-chain staking rewards. That fund has already passed $275 million in assets under management and recently shifted into a regulated investment company structure to boost efficiency.
Notably, Bloomberg analyst Eric Balchunas predicted trading for DOJE might reach $2.5 million on the first day, though he suggested volumes could be smaller than other high-profile crypto funds. He also said XRP’s initial performance may be limited since other XRP products already exist.
At the same time, Nate Geraci, president of ETF Store, highlighted that investor demand for XRP exposure could remain strong, noting past success of CME futures and related offerings as a sign of growing market appetite.
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