Spot XRP and DOGE ETFs Now Available on U.S. Exchanges

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

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

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

XRP and DOGE rank as the third- and eighth-largest cryptocurrencies by market cap. Spot crypto ETFs first launched in the U.S. in January 2024, starting with bitcoin (BTC) and later ether (ETH). These ETFs allow investors to access cryptocurrencies without directly owning the assets, simplifying custody and storage and appealing to institutional investors.