ETFs Offering Exposure to XRP and DOGE Debut in U.S.

The first ETFs for XRP and Dogecoin (DOGE) began trading in the U.S. on Thursday.

Offered by Rex Shares and Osprey Funds, these ETFs are listed on the Cboe BZX exchange under the tickers DOJE and XRPR.
DOJE trades at $26.90 and XRPR at $25.73.
DOJE gains exposure to DOGE through a Cayman Islands-based subsidiary using futures and derivatives, rather than holding DOGE directly.
XRPR holds XRP directly but also invests in spot ETFs outside the U.S.

XRP and DOGE rank as the third and eighth largest crypto tokens by market cap, respectively.

Spot crypto ETFs launched in the U.S. in January 2024, initially with Bitcoin (BTC), followed by Ether (ETH).
Crypto ETFs offer investors exposure to assets without owning them directly, providing a more secure investment option for institutional investors.