TL;DR
- Bloomberg ETF specialists anticipate that REX-Osprey will roll out XRP and Dogecoin spot ETFs this Thursday, using the faster 40 Act structure.
- The products are set to trade under tickers $XRPR and $DOJE, giving investors regulated exposure to these cryptocurrencies.
- The move arrives as more than 90 crypto ETF applications await SEC review, highlighting institutional interest in expanding beyond Bitcoin and Ethereum.
Bloomberg analysts Eric Balchunas and James Seyffart expect REX-Osprey to debut its XRP and Dogecoin exchange-traded funds later this week, providing the first regulated U.S. spot access to these assets. The XRP ETF will use the ticker $XRPR, while the Dogecoin ETF will list as $DOJE. Both funds take advantage of the Investment Company Act of 1940 framework, which sidesteps the slower SEC approval path required for traditional spot crypto ETFs.
REX-Osprey confirmed the XRP product through its official channels, describing it as a milestone in broadening investor access to digital assets. The firm’s filings also include applications for Trump and Bonk token ETFs, though no launch date has been confirmed for those products. Industry observers point out that demand for diversified crypto ETFs has grown sharply, with asset managers rushing to position themselves for the next wave of adoption.
40 Act Structure Provides Faster Path To Market
The 40 Act approach has already enabled REX-Osprey to launch a Solana staking ETF earlier this year. Unlike the more common S-1 filings that can face months of delays, this structure allows funds to go live with an effective prospectus. Market participants, including ETF Store President Nate Geraci, have described this method as a practical workaround to regulatory bottlenecks.
Several major asset managers, such as Grayscale, Franklin Templeton, and WisdomTree, have updated their filings for XRP ETFs in recent weeks, signaling rising institutional interest. Analysts consider the coordinated timing of those submissions an encouraging signal that broader approvals may be on the horizon. Despite this momentum, BlackRock has not joined the XRP competition, focusing instead on Bitcoin and Ethereum ETFs.
Institutional Interest Strengthens Despite SEC Delays
The SEC has repeatedly extended decision deadlines on various crypto ETF applications, but Bloomberg analysts suggest the agency could soon implement generic listing standards. Such rules would streamline the process, potentially enabling multiple funds to launch simultaneously.
Meanwhile, institutional demand shows no sign of slowing. Bitcoin ETFs recorded hundreds of millions in net inflows last week, while Ethereum products also attracted strong interest. Prediction markets now estimate a 96% chance of approval for XRP ETFs, up from 64% just last month, with Dogecoin products tracking similar odds.
