Key Points: The U.S. launches its first spot ETFs for Dogecoin and XRP. These new products mark a milestone in regulated crypto access. Initial trading volume surpassed $30 million on launch day. On September 18, 2025, REX Shares and Osprey Funds launched the first U.S.-listed spot ETFs for Dogecoin and XRP on the Cboe BZX Exchange, marking a significant milestone. These ETFs expand access to regulated securities, highlighting growing mainstream acceptance of cryptocurrencies, and generated over $30 million in trading volume on their launch day, underscoring substantial market interest. Main Content Historic debut: The U.S. saw the launch of its first spot ETFs for Dogecoin (DOGE) and XRP on September 18, 2025. Introduced by REX Shares and Osprey Funds on the Cboe BZX Exchange, these ETFs signal a significant market development. REX Shares and Osprey Funds are the entities behind these products. The ETFs, using tickers DOJE and XRPR, allow U.S. brokerage accounts to access XRP and DOGE. As James Seyffart, ETF Analyst at Bloomberg Intelligence, remarked, “While these are not ‘pure spot’ products, they represent a milestone: the first time U.S. brokerage accounts will gain ETF access to XRP and DOGE.” source The launch recorded over $30 million in trading volume, signaling strong initial interest. XRP ETF registered $24 million within hours. This strong debut implies a potential shift in crypto investment patterns and expands accessibility for traditional investors. Financial implications are considerable, with these ETFs impacting other cryptocurrencies like ETH, BTC, and SOL. Such products enhance crypto market diversity and may influence ETFs or derivatives based on these major digital assets. Historical examples show similar trends with U.S. Bitcoin and Ether ETFs, which marked substantial early market inflows. This event could herald a new phase for crypto ETFs, signifying a possible shift towards more secure investments in these assets. Financial outcomes could include increased market liquidity and accessibility for smaller investors. The alignment with SEC rules for such products indicates a positive regulatory approach. This could drive future technological and investment innovation in the crypto sector.
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