The first U.S. ETFs offering exposure to XRP and Dogecoin (DOGE, $0.2076) began trading on Thursday.
Launched by Rex Shares and Osprey Funds, the ETFs are listed on the Cboe BZX under tickers DOJE and XRPR, following the Rex-Osprey Solana ETF debut in July. At launch, DOJE traded at $26.90 and XRPR at $25.73.
DOJE differs from typical crypto ETFs as it will not hold DOGE directly, instead gaining exposure through futures and other derivatives via a Cayman Islands-based subsidiary. XRPR, by contrast, is designed to hold XRP directly while also investing in non-U.S. spot ETFs, according to Bloomberg Intelligence analyst James Seyffart.
XRP, the native token of the XRP Ledger, and DOGE are the third- and eighth-largest cryptocurrencies by market capitalization, per CoinDesk.
Spot crypto ETFs first launched in the U.S. in January 2024 after years of SEC delays, starting with bitcoin (BTC) and later ether (ETH). These ETFs provide investors with exposure to digital assets without owning them directly, simplifying custody and storage while offering a practical option for institutional participation.
