REX-Osprey Dogecoin and XRP ETFs Set to Launch September 18

The first spot Dogecoin and XRP ETFs are set to launch this week, according to Bloomberg analyst Eric Balchunas. Asset manager REX Shares also confirmed the upcoming launch of the XRP fund, which will be the first to provide spot exposure to institutional investors in the U.S.

First Spot Dogecoin And XRP ETFs To Launch September 18

In an X post, the Bloomberg analyst revealed that the Dogecoin ETF (DOJE) and XRP ETF (XRPR) from REX-Osprey are to launch on September 18. This update follows a delay last week for the launch of these ETFs.

As CoinGape reported, Balchunas had stated that these DOGE and XRP funds were going to launch last week. However, he later mentioned that there was a delay and that the launch was pushed to this week.

As the Bloomberg analyst earlier mentioned, the REX-Osprey Dogecoin and XRP ETFs will launch under the 40 Act. The asset manager also filed for a TRUMP and BONK ETF, but Balchunas revealed that there is no update yet on when those funds will launch.

Although they will launch under the 40 Act, these DOGE and XRP funds will offer institutional investors spot exposure to these altcoins, becoming the first to do so. There are currently spot filings for these altcoins under the 33 Act, but the SEC has yet to approve them. Notably, seven issuers have filed for an XRP ETF under the 33 Act, while three have filed for an ETF that will hold the top meme coin.

Meanwhile, it is worth mentioning that REX-Osprey’s funds won’t solely hold spot. Bloomberg analyst James Seyffart revealed that the DOGE ETF will hold other spot DOGE ETFs. Likewise, the XRP ETF would hold other assets in addition to spot XRP.

REX Shares Confirms ETF Launch

In an X post, REX Shares also confirmed that its XRP ETF is launching this week. The asset manager noted that the XRPR will be the first U.S. ETF to deliver investors spot exposure to the third-largest crypto by market cap.

Notably, REX Shares is also the issuer behind the first Solana staking ETF, which launched under the 40 Act and just recently surpassed $250 million in assets under management (AuM).

Meanwhile, ahead of the Dogecoin and XRP ETFs, there has been significant movement in the DOGE and XRP prices. DOGE touched $0.3 for the first time since the start of the year while XRP reclaimed the psychological $3 level over the weekend. However, both altcoins have since shed the weekend gains, declining alongside the broader crypto market.