Rex-Osprey Crypto ETFs Launch: XRP, DOGE, and BONK Hit Markets

Rex-Osprey's groundbreaking crypto ETF suite, including XRP, DOGE, and BONK funds, officially launched Friday after clearing the SEC's 75-day review period, marking a historic moment for alternative cryptocurrency investing.

Rex-Osprey's crypto ETFs, including XRP, DOGE, BONK, TRUMP, and Bitcoin funds, cleared the SEC's 75-day review with no objections and launched Friday, September 13, 2025. This milestone represents the first time investors can access regulated exposure to memecoins like DOGE and BONK, plus structured XRP exposure, through traditional brokerage accounts.

How the Launch Happened

The REX-Osprey ETFs launched through the Investment Company Act of 1940, which allows funds to automatically go live once the review period ends unless the SEC raises a last-minute objection. This regulatory pathway proved crucial for Rex-Osprey's success where others have faced delays.

The funds operate as "40 Act" ETFs, meaning they provide regulated exposure to the tokens but will not hold the spot assets directly. Instead, they use a Cayman Islands subsidiary structure to maintain compliance while offering crypto exposure. This innovative approach allows the funds to circumvent many of the regulatory hurdles that have delayed traditional spot crypto ETFs.

Market Impact and Trading Activity

Dogecoin surged to the $0.24–$0.25 range as REX-Osprey prepared to launch the first U.S. Dogecoin ETF, with whale addresses accumulating roughly 280 million DOGE in the past week. The anticipation surrounding these launches drove significant trading volume across all included cryptocurrencies.

The REX-Osprey DOGE ETF (ticker: DOJE) is branded as the first-ever U.S. ETF to hold something that has "no utility on purpose," according to Bloomberg analyst Eric Balchunas. This unique positioning has attracted both institutional and retail investor attention, with DOGE rallying 16% in the week leading up to launch.

Regulatory Landscape Contrast

While Rex-Osprey celebrated its launch success, the broader crypto ETF landscape remains mixed. The SEC extended its review of Franklin's XRP ETF until November 14, 2025, pushing the deadline to the maximum allowable extension period. This creates a stark contrast between the regulatory pathways available to different fund structures.

Multiple XRP ETF applications from Bitwise, Grayscale, and others face final decision deadlines between October 18 and November 14, 2025, creating a three-week window where the SEC must issue yes/no determinations across multiple exchanges. The concentration of these deadlines suggests coordinated decision-making may be forthcoming.

XRP/Ripple Analysis: Structured vs. Spot Exposure

The Rex-Osprey XRP ETF represents a fundamentally different approach to XRP investment compared to pending spot ETF applications. The structured approach allows regulated XRP exposure through derivative instruments and subsidiary holdings, avoiding direct spot asset custody requirements that have challenged other applicants.

Implications for XRP Price and Adoption

JPMorgan Chase estimates that XRP ETFs could see inflows of $4 billion to $8 billion within the first year, while Canary Capital CEO Steve McClurg suggests XRP ETF inflows may reach $5 billion within the first month. These projections, based on Bitcoin and Ethereum ETF performance, indicate substantial institutional demand.

XRP's growing institutional adoption is driven by RippleNet's On-Demand Liquidity service expansion and integration into banking payment flows, with major financial players like Santander, SBI Holdings, and Bank of America partnering with Ripple for payment solutions.

Ripple Business Opportunities

The ETF launch creates multiple growth catalysts for Ripple's business operations. Expansion of RippleNet's On-Demand Liquidity service would drive demand for XRP as a bridge currency in remittance markets, particularly in regions like Japan, Latin America, and the Middle East.

Analysts predict that a second wave of crypto adoption, fueled by central bank digital currencies (CBDCs), could benefit XRP if integrated into global financial systems, with institutional investment vehicles like XRP exchange-traded products potentially driving price appreciation.

Legal Standing and Partnership Prospects

The successful launch of structured XRP exposure through Rex-Osprey may influence ongoing legal clarity discussions. Recent legal developments, including progress toward potential SEC case resolution, have positively impacted XRP's market perception, with speculation about settlement intensifying under new SEC leadership.

This regulatory progress opens doors for expanded institutional partnerships, as financial institutions gain confidence in XRP's compliance framework through regulated investment vehicles.

Market Outlook and Investment Implications

The Rex-Osprey launches signal growing momentum for regulated crypto products in U.S. markets. Bloomberg ETF analyst James Seyffart reports 92 crypto exchange-traded products currently in the U.S. pipeline, indicating sustained institutional appetite for crypto exposure.

The potential approval of these ETFs signals a shift in U.S. regulatory attitudes amid the SEC's cautious approach to other crypto-related products. This regulatory evolution creates a pathway for future innovation in crypto investment products.

For XRP specifically, price predictions for 2025 suggest a maximum of $5.40 with average trading around $4.50, while long-term forecasts project potential reaching $9-20 by 2030 depending on institutional adoption and regulatory developments.

Conclusion

Rex-Osprey's successful ETF launches mark a watershed moment for crypto investing, proving that innovative regulatory approaches can overcome traditional barriers. While structured exposure differs from direct spot holdings, these products provide regulated access to previously unavailable crypto assets through traditional investment channels.

The contrast between Rex-Osprey's immediate success and ongoing delays for spot ETF applications highlights the importance of regulatory strategy in crypto product development. As the SEC approaches critical decision deadlines for multiple XRP ETF applications this fall, Rex-Osprey's pioneering approach may serve as a template for future crypto investment innovation.

For XRP and Ripple specifically, the successful launch creates new institutional adoption pathways while the company continues expanding its global payments network, positioning both the token and the business for significant growth as regulatory clarity improves.

DISCLAIMER: This newsletter is for informational purposes only and does not constitute investment advice, advertising, or a recommendation to buy, sell, or hold any securities. This content is not sponsored by or affiliated with any of the mentioned entities. Investments in cryptocurrencies or other financial assets carry significant risks, including the potential for total loss, extreme volatility, and regulatory uncertainty. Past performance is not indicative of future results. Always consult a qualified financial professional and conduct thorough research before making any investment decisions.

Sources

1. CoinGape - "Crypto ETF Update: Rex-Osprey's XRP ETF, DOGE ETF to Launch Friday as SEC Review Ends"
2. CoinDesk - "DOGE Price News: Eyes $0.28 as Dogecoin ETF Catalyst Leads to 'Pennant Breakout'"
3. The Market Periodical - "Rex-Osprey Crypto ETFs To Launch Friday After SEC Clears Review"
4. Bitcoinist - "SEC Delays Franklin Spot XRP ETF: Deadlines Hit Next Month"
5. The Crypto Basic - "SEC Postpones Decision on Franklin XRP ETF, Sets New Final Deadline"
6. Yahoo Finance - "Here's Why XRP Could Be About to Soar"
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10. Mitrade - "First Dogecoin ETF 'Coming Soon': REX-Osprey Teases US Launch"