First XRP and DOGE ETFs Launch in U.S. Market - New Crypto Investment Options

The inaugural exchange-traded funds providing exposure to XRP and Dogecoin commenced trading in the United States on Thursday. Rex Shares and Osprey Funds introduced these innovative products on the Cboe BZX exchange, trading under tickers XRPR and DOGE respectively, following their successful July launch of a Solana ETF. Current trading shows DOGE at $26.90 and XRPR at $25.73. The DOGE ETF employs a unique structure utilizing a Cayman Islands subsidiary for derivatives-based exposure rather than direct token holdings. Meanwhile, the XRP ETF maintains direct holdings while additionally investing in international spot ETFs for enhanced exposure. Both XRP and Dogecoin rank among the top ten cryptocurrencies by market capitalization, representing significant milestones in institutional crypto adoption following January 2024's landmark spot ETF approvals. These products offer investors secure cryptocurrency exposure without the complexities of direct asset ownership and storage concerns.