Regulated Altcoin ETFs Signal Crypto's Mainstream Arrival

REX-Osprey™ has launched the first U.S.-listed exchange-traded funds (ETFs) to provide direct spot exposure to Dogecoin (DOGE) and XRP, marking a significant milestone in crypto asset accessibility. The REX-Osprey™ DOGE ETF (CBOE: DOJE) and XRP ETF (CBOE: XRPR) debuted on September 18, 2025, under the Investment Company Act of 1940 framework, offering investors regulated exposure to two of the most prominent altcoinsREX-Osprey Launches First U.S.-Listed ETFs to Offer Exposure to Spot Dogecoin and Spot XRP^[1]. DOJE became the first Dogecoin ETF, while XRPR provides direct access to XRP, a cryptocurrency known for its cross-border payment capabilities. The funds are structured to hold a majority of their assets in the underlying crypto assets, with the remainder invested in exchange-traded products tied to XRP or DOGEREX-Osprey Launches First U.S.-Listed ETFs to Offer Exposure to Spot Dogecoin and Spot XRP^[1].

The launch was accompanied by record trading volumes, with combined first-day trades reaching $54.7 million. The REX-Osprey XRP ETF (XRPR) alone generated $37.7 million in trading activity, outpacing typical new ETF debuts and even surpassing XRP futures’ launch-day performance. The DOGE ETF (DOJE) also exceeded expectations, amassing $17 million in trades—placing it among the top five ETFs of 2025 by initial volumeREX-Osprey Doge ETF, XRP ETF Launch With Record $54.7M^[2]. These figures underscore growing institutional and retail demand for altcoin exposure within regulated frameworks.

The ETFs’ success follows recent regulatory developments, including the Securities and Exchange Commission’s (SEC) expedited approval process for new ETFs, which reduced approval timelines from 240 to 75 days. Analysts suggest this could catalyze over 100 new crypto ETFs in the next year, with REX-Osprey’s offerings serving as a blueprint for future productsREX-Osprey Doge ETF, XRP ETF Launch With Record $54.7M^[2]. Bloomberg Senior ETF Analyst Eric Balchunas highlighted the significance of the launch, noting that the 40 Act structure—despite its indirect ownership limitations—demonstrated strong investor confidence in crypto assetsREX-Osprey Doge ETF, XRP ETF Launch With Record $54.7M^[2].

The DOGE and XRP ETFs build on REX-Osprey’s existing innovation in crypto-native products. The firm previously launched the REX-Osprey™ SOL + Staking ETF (SSK) in July 2025, which combined spot Solana exposure with on-chain staking rewards. SSK’s success, with assets under management exceeding $275 million, and its subsequent conversion to a Regulated Investment Company (RIC) structure, highlights the potential for hybrid crypto ETFs to balance yield generation with regulatory complianceREX-Osprey Launches First U.S.-Listed ETFs to Offer Exposure to Spot Dogecoin and Spot XRP^[1].

The market response to DOGE and XRP reflects broader trends in crypto adoption. Dogecoin’s price surged 30% in the past month, reaching $0.2758, while XRP traded at $3.03 with a market capitalization of $181.51 billion. Analysts attribute the ETFs’ appeal to their alignment with real-world use cases: DOGE’s community-driven utility and XRP’s role in low-cost, high-speed paymentsREX-Osprey Doge ETF, XRP ETF Launch With Record $54.7M^[2]. However, the funds carry inherent risks, including crypto volatility, regulatory uncertainty, and liquidity constraints, as outlined in REX-Osprey’s disclosuresREX-Osprey Launches First U.S.-Listed ETFs to Offer Exposure to Spot Dogecoin and Spot XRP^[1].

The launch of DOJE and XRPR underscores the maturation of the crypto ETF market, with investors increasingly seeking regulated vehicles to access digital assets. As the SEC’s regulatory landscape evolves, the success of REX-Osprey’s products may encourage further innovation in crypto-backed ETFs, including staking-integrated and multi-asset strategies. For now, the record debut of these funds signals a pivotal shift toward mainstream acceptance of altcoins within traditional financial infrastructureREX-Osprey Launches First U.S.-Listed ETFs to Offer Exposure to Spot Dogecoin and Spot XRP^[1]REX-Osprey Doge ETF, XRP ETF Launch With Record $54.7M^[2].