Key Takeaways:
- Historic Launch: REX-Osprey™ to debut the first U.S.-listed spot ETFs for XRP ($XRPR) and DOGE ($DOJE) on September 18, 2025.
- Mainstream Access: Investors can now gain direct exposure to two of the largest altcoins via regulated ETF structures.
- XRP Market Value Soars: XRP reached a market cap of $167 billion as of August 2025, signaling strong institutional and retail interest.
The long-anticipated moment for altcoin adoption on Wall Street is finally here. Beginning tomorrow, U.S. investors will have regulated access to XRP and DOGE through spot-based ETFs, a development that marks a significant step toward broader crypto acceptance in traditional finance.
Read More: XRP Price Prediction – Will It Hit $100 by 2026 and $500 by 2030?
REX-Osprey™ Spot ETFs Go Live: XRP & DOGE Join Wall Street
Breaking Barriers for Altcoins
REX Shares, in partnership with Osprey Funds, will officially launch the REX-Osprey™ XRP ETF (ticker: $XRPR) and the REX-Osprey™ DOGE ETF (ticker: $DOJE) on September 18, 2025. It is the first U.S.-listed exchange-traded fund to have spot exposure to XRP and Dogecoin, which have been popular in the retail and global remittance markets.
Until now, it was possible to get direct access via only the digital interactions of Kraken, Binance, or Coinbase. Under these ETFs, anyone can now purchase exposure to XRP and DOGE via brokerage accounts, IRA or institutional platforms without reaching out to wallets or keys.
Fund Mechanics: How the ETFs Work
Direct + Indirect Exposure to the Reference Assets
The XRPR and DOJE ETFs are designed to track the price movements of XRP and DOGE via a hybrid investment model:
- At least 80% of fund assets will be invested in the reference asset or financial instruments directly linked to it.
- At least 40% of assets will be held in ETFs and exchange-traded products (ETPs), including international listings in Canada and Europe.
Custody & Liquidity Sources
The XRP and DOGE will be received by purchasing them at the large crypto-exchange platforms, including Coinbase and Kraken, which will guarantee liquidity. The funds can also utilize the Cayman Islands subsidiaries in order to sustain a friendly tax compliance and increase the offshore investment coverage.
XRP: $167B Market Cap & a Global Payment Backbone
Fast, Green, and Institutional-Ready
The XRP ledger uses the XRP as its native currency that has its specific niche in the field of finance. The consensus protocol (no mining) is more energy efficient and fast that is employed in XRP as compared to Bitcoin or Ethereum.
XRP has seen renewed institutional interest, reaching a $167 billion market cap as of August 31, 2025, after briefly topping $210 billion in July.
Read More: Better Buy With $1,000 Today: XRP or Avalanche? Experts Weigh In Ahead of Major SEC Update
DOGE: From Meme to Market-Ready
Dogecoin ($DOGE) was a joke, but now it is a leading cryptocurrency with a market capital. Dogecoin was originally designed in 2013 as a parody, but has come to have practical use cases in the real world, as a low-cost and fast cryptocurrency, where developers and larger online communities have increasingly supported it.
The addition of DOGE to the REX-Osprey™ ETF will be the first approach to decentralized finance (DeFi) where the asset will be legitimized to be traded through a regulated U.S. investment vehicle and exchange.
Regulatory & Market Risks Still Loom
Why Spot ETFs Don’t Eliminate Volatility
Investors need to be wary despite the approval of ETFs. Both XRP and DOGE still work in the unregulated markets of the world, so they are subject to:
- Price manipulation by whales or unregulated exchanges
- Regulatory uncertainty, especially around XRP’s status as a security
- High volatility, even more extreme than Bitcoin and Ethereum
- Cybersecurity risks, including the loss of digital assets due to exchange hacks or wallet breaches
Notably, XRP is not mined. The entire 100 billion tokens were mined in 2012 and Ripple Labs currently controls more than 40% of the total supply. This centralization casts its doubts on market influence and prices manipulation.
Institutional Interest Rising in Altcoins
The move by REX-Osprey™ isn’t happening in isolation. Institutions are warming up to altcoins:
- Canadian ETFs (e.g., XRPP.TO, XRPQ.TO) and European ETPs have already attracted hundreds of millions in AUM.
- Ripple’s legal clarity post-SEC litigation (with the 2025 dismissal of the Coinbase complaint) has paved the way for U.S. exposure.
- DOGE ETF inclusion is likely riding on retail enthusiasm and the coin’s growing relevance in decentralized apps and tipping platforms.
