XRP and Dogecoin ETFs Set for Landmark U.S. Launch
The U.S. market is set to welcome its first exchange-traded funds (ETFs) based on XRP and Dogecoin, marking a milestone for altcoin investment products.
Fund issuer REX-Osprey confirmed that the XRP ETF is expected to debut this week, while a Dogecoin ETF will follow shortly after.
XRP ETF to Trade Under XRPR
The REX-Osprey XRP ETF, set to trade under the ticker XRPR, will provide spot exposure to XRP, currently the third-largest cryptocurrency by market capitalization.
The fund has cleared the Securities and Exchange Commission’s (SEC) 75-day review window and is slated to begin trading on Friday, barring unforeseen delays.
The launch falls under the Investment Company Act of 1940, which allows funds to automatically take effect after 75 days unless the SEC raises objections.
This pathway differs from the Securities Act of 1933, which governs spot Bitcoin ETFs and involves a more complex approval process.