XRP and DOGE ETFs Make U.S. Debut on Cboe Exchange

The first U.S. ETFs providing exposure to XRP and Dogecoin (DOGE, $0.2076) started trading on Thursday.

Launched by Rex Shares and Osprey Funds, the products are listed on the Cboe BZX exchange under the tickers DOJE and XRPR, following the Rex-Osprey Solana ETF debut in July. At launch, DOJE was priced at $26.90 and XRPR at $25.73.

DOJE will not hold DOGE directly. Instead, it will gain exposure through futures and derivatives via a Cayman Islands-based subsidiary. XRPR, in contrast, is structured to hold XRP directly while also investing in non-U.S. spot ETFs, according to Bloomberg Intelligence analyst James Seyffart.

XRP, the native token of the XRP Ledger, and Dogecoin rank as the third- and eighth-largest cryptocurrencies by market capitalization, according to CoinDesk.

Spot crypto ETFs first appeared in the U.S. in January 2024, starting with bitcoin and later ether, after years of SEC delays. These ETFs offer investors exposure to cryptocurrencies without owning the underlying assets, simplifying custody and storage and providing a practical option for institutional investors.

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