Bloomberg Analysts Expect REX-Osprey XRP and Doge ETFs to Begin Trading This Thursday
Bloomberg ETF analysts Eric Balchunas and James Seyffart count on REX-Osprey’s XRP and Doge ETFs to launch Thursday, marking the primary U.S. spot publicity to these cryptocurrencies via regulated funding automobiles.
The XRP ETF will commerce underneath ticker $XRPR whereas the Dogecoin fund makes use of image $DOJE, each using the quicker 40 Act construction that bypasses conventional SEC approval delays.
REX-Osprey confirmed the XRP ETF launch via social media, positioning $XRPR as the primary U.S. fund delivering spot publicity to the third-largest cryptocurrency by market capitalization.
The efficient prospectus contains Trump and Bonk token ETFs, although launch dates for these merchandise stay unannounced.
The launches happen as 92 crypto ETF applications await SEC review, with most going through October deadlines for Solana, XRP, and Litecoin merchandise.
40 Act Structure Enables Rapid Market Entry, Bypassing SEC Bottlenecks
Rex-Osprey’s technique makes use of Investment Company Act of 1940 structures that keep away from the Form S-1 and 19b-4 submitting necessities confronted by conventional spot crypto ETFs.
ETF Store President Nate Geraci beforehand described this method as a “regulatory end-around” that eliminates typical approval delays.
The similar construction enabled REX’s successful launch of the Solana staking ETF earlier this yr.
Unlike conventional ETF purposes requiring in depth SEC overview durations, 40 Act funds can attain markets via efficient prospectus filings.
While REX obtained its personal approval, seven major asset managers filed updated XRP ETF amendments on August 23, together with Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree.
Bloomberg analysts attributed the coordinated filings to SEC suggestions, calling the simultaneous submissions “extremely notable” and “an excellent signal” for eventual approval prospects.
The amendments adjusted fund buildings to permit XRP or money creations alongside each money and in-kind redemptions relatively than strictly cash-based mechanisms.
However, BlackRock notably prevented becoming a member of the XRP race regardless of launching the primary spot Bitcoin and Ethereum ETFs.
REX-Osprey expanded its crypto ETF portfolio past Solana merchandise, submitting for BNB staking ETFs in August and MOVE token exposure in March.
The agency’s aggressive different asset technique put it as a pacesetter amongst these chasing distinctive property past Bitcoin and Ethereum.
Similarly, Grayscale is pursuing trust-to-ETF conversions for Litecoin, Solana, Dogecoin, XRP, and Avalanche whereas sustaining separate purposes for Ethereum staking merchandise.
The firm revealed the “GDOG” ticker for its Dogecoin ETF deliberate for NYSE Arca itemizing.
Institutional Momentum Builds Despite SEC Delays and Generic Listing Uncertainty
Earlier this month, the SEC extended Franklin Templeton’s Solana and XRP ETF decisions to November 14, utilizing the utmost 60-day extension authority earlier than closing rulings.
At the identical time, BlackRock’s Ethereum staking modification was additionally postponed to October 30, including complexity to institutional adoption timelines.
Bloomberg analyst Eric Balchunas attributes systematic delays to SEC coordination with generic itemizing requirements requested by Cboe and NYSE in July.
Institutions have proposed amendments that will permit for the automated itemizing of crypto ETFs with out requiring case-by-case regulatory overview, doubtlessly triggering simultaneous product launches.
SEC postpones Franklin Solana ETF ruling by 60 days to November 14 as 92 crypto ETF purposes await overview regardless of 99% approval odds.#Solana #ETFhttps://t.co/GIIlmQmsgt
— Cryptonews.com (@cryptonews) September 11, 2025
Current tips require separate proposed rule modifications for every software, creating 240-day overview processes that generic requirements would get rid of.
Balchunas expects a “flood of ETFs in all probability in a pair months” following anticipated October approval of streamlined procedures.
As of September 15, institutional demand continues constructing with Bitcoin ETFs recording $260 million in internet inflows yesterday, marking their sixth consecutive day of inflows, whereas Ethereum merchandise attracted $360 million, in accordance to SosoValue.
BlackRock’s ETHA led Ethereum inflows at $45.4 million, because the world’s largest asset supervisor pushes for the mixing of staking performance.
As it stands now, prediction markets assign 96% approval likelihood for XRP ETFs, climbing from 64% in August as institutional confidence builds round regulatory readability following the SEC dropping the Ripple lawsuit.
Similarly, different Dogecoin funds keep 96% approval odds on Polymarket, greater than doubling from 44% in June, regardless of the token’s origins as a meme coin and its cultural positioning.
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