A landmark moment for the U.S. crypto market is approaching as XRP and Dogecoin ETFs are expected to debut this Thursday.
According to Bloomberg analysts, REX Shares and Osprey Funds are preparing to list two funds that could mark a new era for crypto-based ETFs in the U.S. The XRP ETF (XRPR) stands out with its unique legal structure, registered under the Investment Company Act of 1940. This framework enforces stricter investor protection rules, allowing the fund to invest both directly in XRP and indirectly through other global XRP ETFs.
Analyst James Seyffart emphasized that XRPR is not a “pure spot” ETF but a hybrid structure, similar to the Solana staking ETF launched earlier this year. This design offers investors a mix of direct and indirect XRP exposure, setting it apart from previous applications.
The Dogecoin ETF (DOJE), included in the same prospectus, is also slated for Thursday’s launch. Bloomberg’s Eric Balchunas noted that, unlike previous delays, the chances of DOGE ETF listing this week are high. The SEC’s softer stance in recent months—greenlighting Bitcoin and Ethereum ETFs and enabling direct creation and redemption—has paved the way for these upcoming listings.
