Overview

• Rex‑Osprey’s XRPR traded $37.7 million on day one, the biggest natural dollar volume of any U.S. ETF launch in 2025, while DOJE finished around $17 million for a combined ~$54–54.7 million.
• Both funds listed on Cboe under the Investment Company Act of 1940 and gain exposure through Cayman subsidiaries and foreign ETP holdings rather than direct onshore custody of tokens.
• The SEC approved generic listing standards this week that market watchers expect will accelerate approvals for additional spot crypto ETFs.
• Initial price reactions were muted as XRP hovered near $3 and Dogecoin around $0.27 despite the heavy ETF trading.
• Rex‑Osprey has filed for a REX DOJE Growth & Income ETF seeking 1–1.5x daily leveraged exposure with a covered‑call component, which remains subject to SEC approval.