XRP and DOGE ETFs Slated for U.S. Debut
The long wait for expanded crypto ETF options in the U.S. market may finally be ending. After months of speculation and regulatory delays, XRP and Dogecoin (DOGE) appear ready to become the first cryptocurrencies—beyond Bitcoin and Ethereum—to receive fully tradable exchange-traded funds (ETFs) in the United States. According to ETF analysts Eric Balchunas and James Seyffart, the REX-Osprey XRP ETF (XRPR) and the Dogecoin ETF (DOJE) are expected to list as early as Thursday, September 18, marking a significant breakthrough for altcoin-focused investment products.
Below is a full breakdown of what’s launching, how these ETFs differ from previous crypto offerings, and why this moment could reshape the broader digital asset market for XRP and Dogecoin holders.
XRP and DOGE ETFs Slated for U.S. Debut
The upcoming ETF launches come after a short delay from their original September 12 target. Both products were filed under a single prospectus, which also included applications for TRUMP and BONK ETFs—though those funds do not yet have confirmed launch dates.
These products, developed by REX Shares in collaboration with Osprey Funds, will give investors a new way to gain exposure to XRP and Dogecoin through traditional brokerage accounts. This means:
No need for crypto exchanges
No need for self-custody wallets
Standard stock tickers available through platforms like NYSE or Nasdaq
Once live, these ETFs will make altcoin investing far more accessible to mainstream investors who prefer regulated financial products tied directly to XRP and Dogecoin.
What makes these ETFs different from Bitcoin and Ethereum ETFs
The Securities Act of 1933 was used to carefully review spot Bitcoin and Ethereum ETFs. XRP and Dogecoin ETFs, on the other hand, are set up under the Investment Company Act of 1940, which is also known as the “40 Act.”
This structure has a number of benefits:
Streamlined the process of approval
Better protections for investors, such as rules for openness, governance, and custody
favorable treatment by regulators, which cuts down on delays
Under this framework, the ETFs will hold XRP and Dogecoin directly and use a subsidiary in the Cayman Islands to handle risk limited to 25% of total assets. They may also use derivatives to improve spot-tracking efficiency and align with U.S. tax rules for regulated investment companies—further strengthening the investment case for XRP and Dogecoin.
A Signal for Future Altcoin ETFs
XRP and DOGE are only the beginning. The SEC is still looking over more than 90 other altcoin ETFs that are linked to assets like Avalanche, Litecoin, and others. Analysts think that some of these choices will be made as early as October, and in some cases the chances of approval are said to be as high as 95%.
If the early entries for XRP and DOGE work out, they could:
Bring in billions of dollars from new institutions.
Increase the value of the base tokens
Ask the SEC to approve more investment goods that use alternative currencies.
This could be a big change for the crypto market, which has been controlled for a long time by investment vehicles that focus on Bitcoin and Ethereum.
First U.S. Spot XRP ETF May Go Live on Thursday
In addition to the REX-Osprey product, another breakthrough is on the horizon: Canary Funds’ XRP Trust, which could become the first pure spot XRP ETF in the U.S. markets.
Why the Canary XRP ETF Matters
Canary Funds recently filed Form 8-A with the U.S. Securities and Exchange Commission—a strong signal that the product is ready for trading. Filing this form is typically the final procedural step before an ETF becomes fully active, and it adds more momentum to the growing interest driven by XRP and Dogecoin ETF developments.
Key details:
What the Market Says Before the Launch
The product awaits Nasdaq certification, expected no later than 5:30 p.m. ET on Wednesday.
If approved, the ETF will go live Thursday, offering direct, one-to-one spot XRP exposure.
The fund will operate under the Securities Act of 1933, unlike the 1940-Act structured XRPR fund.
If the launch goes well, it could:
XRP’s funding base should be greatly increased.
Get qualified investment advisers who have avoided crypto before to invest in it.
Offer a better way to find prices than mixed-asset ETFs
This would also be a long-awaited milestone for the Ripple community and the crypto industry as a whole — especially as XRP and Dogecoin continue gaining regulatory momentum. It would happen almost two years after spot Bitcoin ETFs were approved in January 2024. What XRPR and Canary’s XRP ETF Have in Common There are some big differences between the REX-Osprey XRPR fund and Canary’s XRP Trust: The 1940 Act says that XRPR (REX-Osprey) is an ETF. There isn’t much XRP around. It has an office in the Cayman Islands. Houses have a lot of different kinds of things in them. It costs more to track. Not as good for tax work Canary XRP Trust – 1933 Act Spot ETF Putting money into one XRP at a time Prices that are more accurate Having mixed qualities doesn’t cause any trouble. People who buy for business or profession are more likely to be interested in it.
Because of its simpler structure, Canary’s program might be the best way for advisors to get started with crypto — especially as interest in XRP and Dogecoin ETFs continues to grow.
Early Wednesday morning in Asia, XRP was selling close to $2.48, down about 5% as the whole cryptocurrency market fell. Analysts think that ETF-driven demand could help stabilize and grow XRP’s long-term liquidity profile, even though it may change in the short term.
Spot Ethereum ETFs are already live, and the application process for Solana ETFs is going forward. It will be easier to control crypto investment products in the U.S. now that XRP and DOGE ETFs are about to go live.
Conclusion
The highly anticipated launch of the REX-Osprey XRP (XRPR) and Dogecoin (DOJE) ETFs—combined with the potential debut of the Canary Funds pure spot XRP ETF—marks a turning point for the U.S. crypto market. These products promise broader investor access, more sophisticated exposure models, and the potential for massive institutional inflows into altcoins.
These upcoming ETF launches may mark the beginning of a new chapter in crypto investing, where leading digital assets beyond Bitcoin and Ethereum gain meaningful visibility in traditional financial markets. The Securities and Exchange Commission is currently evaluating more than ninety ETF applications tied to various alternative cryptocurrencies
