The cryptocurrency market witnessed a historic milestone as REX-Osprey’s Dogecoin and XRP ETFs launched with a powerful $55 million in mixed buying and selling quantity, marking one of the crucial profitable ETF debuts of 2025. The REX-Osprey DOGE ETF (CBOE: DOJE) and REX-Osprey XRP ETF (CBOE: XRPR) symbolize the primary U.S.-listed exchange-traded funds to supply direct spot publicity to those common digital belongings.
These groundbreaking monetary merchandise launched on September 18, 2025, following regulatory adjustments that eased the pathway for cryptocurrency funds to enter public markets. The debut underscores rising institutional and retail investor urge for food for regulated crypto funding automobiles, with each ETFs exceeding preliminary quantity expectations considerably.
The profitable launch represents a strategic collaboration between REX Shares and Osprey Funds, positioning REX-Osprey as a pacesetter in first-to-market crypto ETF innovation. Trade analysts had initially forecasted extra modest buying and selling volumes, making the precise efficiency significantly noteworthy for the broader cryptocurrency funding panorama.
In accordance with buying and selling knowledge, the XRP ETF commanded the bigger share of preliminary quantity, producing roughly $24 million in its first hours of buying and selling. The sturdy efficiency displays investor enthusiasm for gaining regulated publicity to XRP, which has confronted regulatory uncertainty in the US for a number of years.
The Dogecoin ETF, whereas smaller in absolute quantity phrases, considerably outperformed preliminary forecasts of $2.5 million by reaching over $6 million in first-hour buying and selling. This efficiency demonstrates the enduring attraction of the meme-inspired cryptocurrency amongst retail traders looking for conventional brokerage account entry.
Each ETFs are structured as 1940 Act funds, offering traders with the regulatory protections and tax efficiencies related to conventional exchange-traded funds. This construction eliminates most of the complexities and safety issues related to direct cryptocurrency possession whereas sustaining publicity to identify value actions.
Dogecoin ETF Breaks New Floor
The REX-Osprey DOGE ETF represents a watershed second for Dogecoin, remodeling the cryptocurrency initially created as a joke right into a regulated funding product. DOJE marks the first-ever Dogecoin ETF, providing direct spot publicity to one of many world’s largest cryptocurrencies by market capitalization.
Dogecoin’s journey from web meme to respectable funding car displays the broader maturation of the cryptocurrency market. The Shiba Inu-themed digital asset has maintained its place among the many high cryptocurrencies regardless of its humorous origins, supported by an energetic international group and high-profile endorsements.
The ETF construction permits conventional traders to achieve Dogecoin publicity by way of acquainted brokerage platforms with out requiring digital pockets administration or direct alternate interactions. This accessibility may doubtlessly broaden Dogecoin’s investor base past its conventional retail cryptocurrency fanatic demographic.
Buying and selling quantity knowledge suggests sturdy institutional curiosity within the Dogecoin ETF, with giant block trades contributing considerably to the general quantity figures. The sustained buying and selling exercise all through the launch day signifies real funding demand slightly than speculative day-trading exercise.
XRP ETF Capitalizes on Utility Focus
The REX-Osprey XRP ETF offers traders with publicity to what many contemplate one in all cryptocurrency’s most sensible use circumstances: cross-border funds. XRP’s design for enabling quick and low-cost worldwide transactions has positioned it as a favourite amongst monetary establishments exploring blockchain know-how integration.
XRPR seeks to carry a majority of its belongings straight in spot XRP, with the rest invested in exchange-traded merchandise backed by XRP. This hybrid strategy offers flexibility whereas sustaining substantial direct publicity to the underlying cryptocurrency’s value actions.
The sturdy preliminary buying and selling quantity displays pent-up institutional demand for regulated XRP publicity, significantly given the cryptocurrency’s prolonged regulatory battle with the Securities and Alternate Fee. The ETF launch offers a clearer pathway for institutional funding regardless of ongoing regulatory discussions.
Monetary establishments have proven explicit curiosity in XRP ETF publicity as a possible hedge in opposition to conventional cross-border cost system limitations. The cryptocurrency’s three to five-second settlement instances distinction sharply with conventional worldwide wire switch delays of a number of enterprise days.
REX-Osprey Partnership Technique
The collaboration between REX Shares and Osprey Funds represents a strategic alliance designed to seize first-mover benefits in rising cryptocurrency ETF classes. REX-Osprey has positioned itself as an innovator prepared to pursue regulatory approval for unconventional digital belongings past Bitcoin and Ethereum.
This partnership leverages REX Shares’ ETF structuring experience with Osprey Funds’ cryptocurrency market data and regulatory navigation expertise. The mix has confirmed efficient in securing approval for ETF merchandise that different fund managers have averted as a consequence of regulatory complexity.
The profitable twin launch establishes REX-Osprey as a big participant within the increasing cryptocurrency ETF market, which business observers count on to develop considerably as regulatory frameworks proceed evolving. The agency’s willingness to pursue approval for different cryptocurrencies differentiates it from rivals centered totally on Bitcoin and Ethereum merchandise.
Market analysts counsel the sturdy debut efficiency will possible encourage REX-Osprey to pursue further cryptocurrency ETF launches, doubtlessly increasing into different main digital belongings presently missing regulated funding automobiles. The agency’s monitor document can also affect regulatory approval timelines for future functions.
The broader cryptocurrency market has responded positively to the ETF launches, with elevated buying and selling exercise noticed throughout a number of digital asset exchanges. Skilled buying and selling corporations report heightened shopper curiosity in cryptocurrency-related funding merchandise following the profitable debuts.
Institutional funding consultants notice that the $55 million mixed quantity demonstrates vital latent demand for regulated cryptocurrency publicity amongst conventional traders. The efficiency metrics counsel these ETFs could obtain substantial asset progress of their preliminary months of operation.
The ETF launches come at a time when cryptocurrency market infrastructure continues maturing, with improved custody options, regulatory readability, and institutional adoption creating favorable situations for conventional funding product enlargement. Trade consultants view these developments as validation of cryptocurrency’s evolution towards mainstream monetary integration.
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The market affect of those profitable ETF debuts extends past speedy buying and selling volumes, doubtlessly influencing regulatory attitudes towards further cryptocurrency funding merchandise and inspiring different fund managers to pursue related choices. The sturdy efficiency establishes a precedent for different cryptocurrency ETFs and will speed up the broader adoption of digital belongings inside conventional funding portfolios.
- Alternate-Traded Fund (ETF)
- An funding fund traded on inventory exchanges like particular person shares, holding a basket of belongings and permitting traders to purchase shares representing fractional possession. ETFs present diversification and liquidity whereas usually providing decrease charges than mutual funds.
- Spot Publicity
- Direct funding within the precise underlying asset slightly than derivatives or futures contracts. Spot publicity means the ETF holds the precise cryptocurrency, offering traders with direct value correlation to the digital asset’s market actions.
- 1940 Act Fund
- An funding firm regulated below the Funding Firm Act of 1940, offering investor protections together with disclosure necessities, governance requirements, and operational oversight. These funds should adjust to strict regulatory necessities concerning diversification, leverage, and investor safety.
- Cross-Border Funds
- Monetary transactions involving the switch of cash between events in several international locations, usually requiring forex conversion and worldwide banking networks. Conventional cross-border funds typically contain a number of intermediaries, leading to increased prices and longer settlement instances in comparison with blockchain-based options.