First US XRP ETF and Dogecoin ETF to Launch Under 1940 Act
REX-Osprey will launch the first US spot XRP ETF (XRPR) on Friday and the first US memecoin ETF, Dogecoin ETF (DOJE), on Thursday under the Investment Company Act of 1940. The SEC cleared both products after a 75-day review. The XRP ETF and Dogecoin ETF signal growing regulatory acceptance of altcoin ETFs. REX-Osprey’s earlier Solana staking ETF (SSK) holds $274 million in assets, and the firm has filed for a BNB staking ETF. Over 90 crypto ETFs, including proposals for AVAX, LTC, and a Bitwise spot Avalanche ETF, await SEC approval. The SEC has also delayed decisions on a Bitwise Dogecoin ETF and Grayscale’s Hedera ETF to November 12. Traders should watch early trading volumes and inflows into the XRP ETF and Dogecoin ETF for signals of institutional demand and potential price impact on XRP and DOGE.
Bullish
The launch of the first US spot XRP ETF and Dogecoin ETF under the streamlined 1940 Act is likely to drive substantial institutional inflows into XRP and DOGE. In the short term, trading volumes and initial demand may boost liquidity and price momentum for both tokens. Over the long term, these ETFs set a precedent for broader regulatory acceptance of altcoin products, encouraging further ETF filings and attracting new investor segments. Historical performance of Bitcoin ETFs suggests that approved spot products can sustain higher price support, indicating a bullish outlook for XRP and DOGE.