XRP and Dogecoin ETFs Launch: SEC’s New Standards Transform Crypto Access
The first U.S. spot XRP and Dogecoin ETFs debuted September 18, 2025, accelerating altcoin institutionalization. REX-Osprey's XRPR and DOJE ETFs operate under the Investment Company Act of 1940, bypassing traditional regulatory hurdles via Cayman Islands subsidiaries and derivatives exposure. This milestone coincides with new SEC generic listing standards slashing ETF review timelines from 240 to 75 days, potentially enabling 100+ crypto funds within 12 months.
Unlike Bitcoin ETFs under the Securities Act of 1933, these "40 Act" funds enhance custody transparency while accelerating market access. The launches signal SEC acceptance beyond BTC/ETH, with 90+ altcoin applications pending for Solana, Cardano, and Litecoin. Analysts project 90% approval odds for additional altcoin ETFs by year-end, unlocking billions in institutional inflows.
New standards allow exchanges like Nasdaq to list crypto ETFs without case-by-case 19b-4 filings if assets have six months of futures trading on designated markets. This pragmatic shift contrasts with earlier enforcement-heavy tactics.
While pure spot altcoin ETFs face delays (e.g., Franklin Templeton's XRP fund postponed to November 2025), Grayscale's multi-crypto ETF (GDLC) holding BTC, ETH, XRP, SOL, and ADA received approval, highlighting diversified product demand.
Short-term XRP/DOGE prices may see volatility from whale accumulation and derivatives activity. Long-term, generic standards could democratize crypto ETF launches, fostering structured and staking-based products. Regulatory risks persist for assets lacking clear security status.
