First Dogecoin and XRP Spot ETFs Launch on Cboe BZX

- First-ever U.S. spot ETFs for Dogecoin, XRP debut on Cboe BZX. - Regulated funds mark historic milestone for crypto investments. On September 18, 2025, REX-Osprey introduced the first U.S. spot exchange-traded funds (ETFs) for Dogecoin (DOJE) and XRP (XRPR), with both Cryptopolitan and Morningstar reporting on the launch. Listed on the Cboe BZX Exchange, these ETFs offer U.S. investors direct and regulated access to the popular digital assets. The Dogecoin ETF, DOJE, sets a significant precedent as it is the first memecoin that U.S. investors can access through a regulated ETF. This landmark launch opens a new gateway for investment in Dogecoin, a digital asset famous for its Shiba Inu mascot and its global online community. Similarly, the XRPR ETF offers U.S. investors regulated exposure to XRP. As the native token of the XRP Ledger, XRP is known for facilitating rapid and cost-effective cross-border transactions, and this ETF underscores its growing importance within the broader financial ecosystem. Both funds operate under the Investment Company Act of 1940, which provides robust investor protections typically associated with regulated open-end ETFs. REX-Osprey leveraged this framework to gain a competitive edge, launching its products faster than rivals who filed under the Securities Act of 1933, a statute that requires a lengthier approval process. The ETFs primarily hold spot DOGE or XRP as their underlying assets and also invest in other cryptocurrency-related exchange-traded products. DOJE features a 1.50% expense ratio, while XRPR has a 0.75% expense ratio. REX-Osprey’s launch coincided with a crucial catalyst: a U.S. Securities and Exchange Commission decision to approve generic listing standards designed to expedite cryptocurrency-focused ETF approvals. The announcement sparked positive market sentiment, and according to reports from Cryptopolitan and Morningstar on September 18, both Dogecoin and XRP prices increased following the debut. According to data from CoinMarketCap on September 18, Dogecoin (DOGE) traded at $0.283 as of 18:08 UTC, with its 24-hour trading volume increasing by 5.354%. Meanwhile, at 18:09 UTC, XRP (XRP) traded at $3.107, marking a 1.703% price increase over the same period.