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 those cryptocurrencies by regulated funding autos.
The XRP ETF will commerce underneath ticker $XRPR whereas the Dogecoin fund makes use of image $DOJE, each using the sooner 40 Act construction that bypasses conventional SEC approval delays.
REX-Osprey confirmed the XRP ETF launch by 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.
As of now, the Doge ETF $DOJE is slated for Thursday launch, as is a 40 Act spot XRP ETF $XRPR (which was in the identical prospectus that went efficient, Trump and Bonk additionally in there too, however no phrase on launch date for these but) https://t.co/q20takMsAe
— Eric Balchunas (@EricBalchunas) September 15, 2025
The launches happen as 92 crypto ETF purposes await SEC evaluate, with most dealing with October deadlines for Solana, XRP, and Litecoin merchandise.
40 Act Construction Permits Speedy Market Entry, Bypassing SEC Bottlenecks
Rex-Osprey’s technique makes use of Funding Firm Act of 1940 constructions that keep away from the Type S-1 and 19b-4 submitting necessities confronted by conventional spot crypto ETFs.
ETF Retailer President Nate Geraci beforehand described this strategy as a “regulatory end-around” that eliminates typical approval delays.
REX Shares w/ the regulatory end-around…
Appears to be like like two crypto ETF launches are imminent.
REX-Osprey ETH + Staking ETF and REX-Osprey SOL + Staking ETF.
'40 Act funds taxed as C-Corp (so double taxation).
Each ETFs search to stake at the very least 50% of underlying crypto asset. https://t.co/4JyczUeSpG— Nate Geraci (@NateGeraci) Could 30, 2025
The identical construction enabled REX’s profitable launch of the Solana staking ETF earlier this 12 months.
In contrast to conventional ETF purposes requiring intensive SEC evaluate durations, 40 Act funds can attain markets by efficient prospectus filings.
Whereas REX received its personal approval, seven main asset managers filed up to date 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 constructions to permit XRP or money creations alongside each money and in-kind redemptions moderately than strictly cash-based mechanisms.
Nonetheless, 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 publicity in March.
The agency’s aggressive various asset technique put it as a pacesetter amongst these chasing distinctive belongings past Bitcoin and Ethereum.
XRP ETF needs to be coming from Rex/Osprey this week. $XRPR https://t.co/V88hCTP8Mc
— James Seyffart (@JSeyff) September 15, 2025
Equally, Grayscale is pursuing trust-to-ETF conversions for Litecoin, Solana, Dogecoin, XRP, and Avalanche whereas sustaining separate purposes for Ethereum staking merchandise.
The corporate revealed the “GDOG” ticker for its Dogecoin ETF deliberate for NYSE Arca itemizing.
Institutional Momentum Builds Regardless of SEC Delays and Generic Itemizing Uncertainty
Earlier this month, the SEC prolonged Franklin Templeton’s Solana and XRP ETF choices to November 14, utilizing the utmost 60-day extension authority earlier than last rulings.
On 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.
Establishments have proposed amendments that may enable for the automated itemizing of crypto ETFs with out requiring case-by-case regulatory evaluate, doubtlessly triggering simultaneous product launches.
SEC postpones Franklin Solana ETF ruling by 60 days to November 14 as 92 crypto ETF purposes await evaluate regardless of 99% approval odds.#Solana #ETFhttps://t.co/GIIlmQmsgt
— Cryptonews.com (@cryptonews) September 11, 2025
Present pointers require separate proposed rule modifications for every software, creating 240-day evaluate processes that generic requirements would eradicate.
Balchunas expects a “flood of ETFs most likely 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 line with SosoValue.
BlackRock’s ETHA led Ethereum inflows at $45.4 million, because the world’s largest asset supervisor pushes for the combination of staking performance.
Because it stands now, prediction markets assign 96% approval chance for XRP ETFs, climbing from 64% in August as institutional confidence builds round regulatory readability following the SEC dropping the Ripple lawsuit.
Equally, 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.
The submit Bloomberg Analysts Anticipate REX-Osprey XRP and Doge ETFs to Start Buying and selling This Thursday appeared first on Cryptonews.