The US is set to launch its first spot XRP ETF, with the REX-Osprey XRP ETF expected to begin trading this week. A spot Dogecoin ETF is also expected to launch.
The funds are being launched under the Investment Company Act of 1940, which provides a simpler regulatory framework than the law governing spot Bitcoin ETFs.
This structure allows funds to launch automatically 75 days after filing, unless the SEC objects, a deadline that REX and Osprey have already passed.
Industry experts note that this will serve as a key test of investor demand for a spot XRP product, especially since futures-based XRP ETFs have already approached $1 billion in assets.