Overview

• REX Shares and Osprey Funds say the XRPR and DOJE ETFs are expected to begin trading on Sept. 18, a timeline echoed by Bloomberg ETF analysts.
• The products are registered under the Investment Company Act of 1940 rather than the 1933 Act spot‑trust model used by Bitcoin and Ethereum ETFs.
• Prospectuses outline hybrid mechanics: XRPR will hold spot XRP and invest at least 40% in other XRP ETFs, can use derivatives if needed, and employs a Cayman subsidiary; DOJE follows a diversified approach that includes other DOGE ETFs.
• The launches would constitute the first U.S. ETF with spot exposure to XRP and the first U.S. Dogecoin ETF.
• Pre‑launch rallies in XRP and DOGE faded, and more than 90 crypto ETF applications remain before the SEC with key decision windows in October.