Tomorrow Marks the Debut of the First United States Traded Exchanges for XRP and Dogecoin
The world of cryptocurrencies took a significant step forward on September 18, 2025, as the trading for XRP and DOGE ETFs commenced. The launch, which was initially scheduled for September 12, marks a delayed but eagerly anticipated entry into the market.
This move follows Rex-Osprey's groundbreaking introduction of its Solana staking ETF, the first of its kind. The approval of XRP and DOGE ETFs does not fall under the purview of the 1933 Securities Act, which mandates a lengthier review process for commodity-trust style ETFs. Instead, they have been approved under the 1940 Act, a decision that positions these products as a potential entry point for further ETF development across the digital asset market.
The use of the same 1940 Act structure for the Solana staking ETF allowed Rex-Osprey to expedite the approval process for XRP and DOGE products, avoiding the lengthier review process required for commodity-trust style ETFs registered under the 1933 Securities Act.
Analysts anticipate some decisions by October, with approval probabilities considered high. This approval under the 1940 Act signals growing regulatory openness to altcoin exposure.
The SEC currently has more than 90 crypto ETF applications pending, including those for Avalanche, Litecoin, and Solana. The launch of XRP and DOGE ETFs expands access for traditional investors, allowing them to buy shares through standard brokerage accounts without the need to set up crypto wallets.
The XRP and DOGE ETFs are part of a growing trend of altcoin ETFs. On its debut day, the REX-Osprey XRP ETF (Ticker: XRPR) recorded inflows of $37.7 million, marking the largest debut of a US altcoin ETF.
The SEC's decision to allow XRP and DOGE ETFs under the 1940 Act is a positive step towards mainstream adoption of cryptocurrencies, providing a more accessible and regulated avenue for investors to gain exposure to digital assets.
