XRP News Today:

REX Shares is preparing to launch what could be the first Dogecoin exchange-traded fund (ETF) in the United States as early as next week, according to Bloomberg analyst Eric Balchunas. This development is based on REX Shares filing an effective prospectus with the U.S. Securities and Exchange Commission (SEC) using a regulatory pathway known as the 40 Act. This route, which REX previously used to launch its Solana staking ETF, allows for a quicker launch process by avoiding the traditional S-1 and 19b-4 filings required by most crypto ETFs. The prospectus highlights that Dogecoin (DOGE) remains a relatively new innovation and is subject to significant market volatility and uncertainty. Over the past year, DOGE has surged 116.67% in value, according to CoinMarketCap, but it has since declined by 54% from its 2024 high of $0.4672 to $0.2129 at the time of publication. Analysts suggest that the potential launch of a Dogecoin ETF may drive increased speculation and investment in the token, particularly as the market awaits decisions on several spot ETF applications under review by the SEC. These include proposals from rival firms such as 21Shares, Bitwise, and Grayscale.

In a parallel development, Rex Shares and Osprey Funds announced the imminent launch of DOJE, an ETF that tracks the performance of Dogecoin. However, unlike the direct exposure offered by the spot ETFs recently approved for Bitcoin and Ethereum, DOJE will take the form of a 40-Act ETF, offering indirect exposure through derivatives such as futures or swaps. According to Rex-Osprey’s prospectus, the fund will allocate approximately 80% of its assets to Dogecoin-related instruments. This structure mirrors the approach used for the Solana staking ETF launched by REX in July, allowing the fund to navigate regulatory constraints while still providing investors with exposure to the altcoin’s price movements. The move comes amid a flurry of ETF-related activity, with more than 90 exchange-traded products currently under review by the SEC, including applications for other altcoins such as Solana, XRP, and Litecoin. Analysts like Balchunas have highlighted the likelihood of approval for major altcoin ETFs, with Litecoin and XRP expected to face decisions in mid-October. Such approvals could trigger a rise in institutional interest and potentially boost the price of the underlying tokens, much like the Bitcoin and Ethereum ETFs did after their approvals.

The recent rally in Dogecoin and other altcoins may also be influenced by broader macroeconomic factors, particularly the release of weaker-than-expected U.S. jobs data in late August. The U.S. Labor Department reported that total nonfarm payrolls rose by only 22,000 in August, far below the estimated 79,000 from July and the market’s expectations. This news, combined with a revised upward adjustment of hiring numbers for June and July, raised investor concerns about the strength of the labor market and fueled expectations of a Federal Reserve rate cut in September. Richard Carter, head of fixed interest research at Quilter Cheviot, noted that traders now price in a 100% probability of a 0.25% rate cut at the Fed’s September 17 meeting. Such a cut could provide a stimulus to the economy and, in turn, support risk-on assets like cryptocurrencies. However, inflation remains a critical factor, with Carter pointing out that the upcoming consumer price index (CPI) report will be pivotal in shaping the Fed’s decisions. Analysts suggest that lower interest rates generally support higher asset prices, as they reduce the opportunity cost of investing in riskier assets like crypto and stocks.

The altcoin market response to these macroeconomic developments was evident in the recent performance of tokens like Ripple (XRP) and Dogecoin. On September 7, XRP rose by 3%, becoming the second-best performer among the top 10 cryptocurrencies, just behind Dogecoin, which gained 4%. Community discussions indicated that much of this activity was driven by speculation around pending cryptocurrency ETF decisions, particularly those related to the SEC’s October 18 decision window. Analyst AlphaTrades highlighted the significance of this period, noting that seven asset managers have filed XRP ETF proposals, all expected to be reviewed within a week of each other. Derivatives data from Coinglass showed that XRP futures trading volume increased by 17%, with open interest rising by 3% over the previous 24 hours. These figures suggest growing speculative demand among traders, particularly those positioning for potential ETF approvals. If this trend continues, XRP and other major altcoins could outperform broader market conditions as investors bet on regulatory clarity and institutional adoption.

Investor sentiment around XRP is further shaped by its position in the broader blockchain and regulatory landscape. As a commodity, XRP offers a distinct value proposition by catering to financial institutions with its focus on cross-border settlements and compliant asset tokenization. This differentiates it from projects like TRON, which prioritize low-cost stablecoin transactions and do not target institutional adoption. Ripple’s XRP Ledger (XRPL) supports features like authorized trust lines and asset freezes, enabling banks and regulated entities to enforce KYC and AML policies directly at the protocol level. With a market cap of approximately $166 billion, XRP commands a significantly higher valuation than TRON, which sits near $32 billion. This reflects the broader institutional confidence in XRP’s role in the financial ecosystem, particularly as it hosts $326 million in tokenized real-world assets. However, the token remains in a consolidation phase, with recent price action showing mixed signals. Technical indicators suggest that a breakout above key resistance levels could drive XRP toward $3.10, but investors remain cautious due to the token’s volatility and the potential for regulatory uncertainties to affect its trajectory. As the market awaits the October deadline for ETF approvals, the interplay between regulatory clarity and macroeconomic conditions will likely determine XRP’s next directional move.

Source: [1] Dogecoin may see first-ever ETF launch next week: Analyst (https://cointelegraph.com/news/dogecoin-etf-united-states-launch-next-week-analyst) [2] First Dogecoin ETF set to launch — but it's a different breed ... (https://finance.yahoo.com/news/first-dogecoin-etf-set-launch-151036858.html) [3] Wall Street takes a blow after disappointing US jobs data (https://www.euronews.com/business/2025/09/05/wall-street-takes-a-blow-after-disappointing-us-jobs-data) [4] Ripple (XRP) Price Moves Toward $3 as Community ... (https://finance.yahoo.com/news/ripple-xrp-price-moves-toward-215804400.html) [5] Better Crypto Buy: XRP vs. TRON - Yahoo Finance (https://finance.yahoo.com/news/better-crypto-buy-xrp-vs-124700295.html) [6] What Is The Current Outlook for XRP? (https://www.onesafe.io/blog/whats-next-for-xrp-market-trends-future-predictions)