- XRP and Dogecoin ETFs launch in the US, giving investors new ways to gain exposure through brokerage accounts.
- CME Group will list options on XRP and Solana futures in October, expanding access to crypto derivatives.
- Over 90 crypto ETFs are waiting for SEC approval as investor interest in altcoin products continues to grow.
Two new crypto exchange-traded funds (ETFs) focused on XRP and Dogecoin are launching in the United States this week. REX Shares and Osprey Funds are bringing the first U.S.-listed ETFs offering spot exposure to these altcoins. The XRP-focused fund will trade under the ticker XRPR, while the Dogecoin fund will trade as DOJE on the Cboe BZX Exchange. These ETFs mark a new step in crypto product accessibility for American investors.
Though structured as spot exposure products, these funds also include other holdings. They invest in foreign-listed crypto ETFs and may use derivatives to manage exposure. The products are launching under the Investment Company Act of 1940. This legal route allows quicker entry compared to the path used for Bitcoin spot ETFs.
Regulatory Approval and Market Structure
Both ETFs cleared the Securities and Exchange Commission’s 75-day review window without objection. The approval process under the 1940 Act avoids many of the delays tied to the 1933 Act. The ETF structure includes language permitting the use of derivatives if needed, but this is not the primary strategy. The decision to list under this framework reflects ongoing challenges in launching pure spot crypto ETFs in the U.S.
Although not fully backed by direct crypto holdings, these products represent a significant market shift. This is the first time retail brokerage accounts in the U.S. will have ETF access to XRP and Dogecoin. Until now, such exposure was largely limited to Bitcoin and Ethereum.
CME Expands Derivatives Lineup with XRP Options
CME Group will add options on XRP and Solana futures starting October 13, pending regulatory clearance. These contracts will be offered on standard and micro levels. Investors will have multiple expiry options, including daily, monthly, and quarterly contracts.
The move follows growing demand for altcoin derivatives. Since May, over 370,000 XRP futures contracts have traded, totaling nearly $16.2 billion. Solana futures have reached $22.3 billion in volume since March. The upcoming options are aimed at institutions, trading desks, and active individual traders.
Rising Competition Among Crypto ETF Filings
More than 90 crypto ETF filings are under review by the SEC. Bitwise recently filed for a spot in the Avalanche ETF. Canary Capital updated its filing for a Litecoin ETF, pending a decision in early October.
The SEC delayed rulings on proposed Dogecoin and Hedera ETFs, setting a new deadline for November 12. Meanwhile, interest in REX-Osprey’s earlier Solana staking ETF remains muted. It holds $274 million in assets, with limited recent inflows. REX-Osprey had previously launched a Solana staking ETF, ticker SSK, in July.
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