First Dogecoin ETF Launches as U.S. Crypto Funds Expand

• The REX-Osprey DOGE ETF (DOJE) began trading on September 18, 2025.
• The fund marks the first U.S. ETF offering direct exposure to Dogecoin.

On September 18, 2025, The Block reported that REX Shares and Osprey Funds officially launched the first U.S. exchange-traded fund (ETF) to directly track Dogecoin’s price. Trading under the ticker symbol DOJE, the ETF began trading on major exchanges, providing investors with regulated spot exposure to the popular cryptocurrency.

The REX-Osprey DOGE ETF is structured under the Investment Company Act of 1940, a framework considered more flexible than the Securities Act of 1933 used by other cryptocurrency ETFs. This structure allows the fund to hold Dogecoin directly and invest in related financial products, potentially broadening investor participation and increasing regulatory clarity for digital asset adoption.

Alongside the Dogecoin-focused ETF, REX Shares and Osprey Funds also introduced another ETF for XRP under the ticker symbol XRPR. Both funds utilize the same legal structure, highlighting the versatility of the 1940 Act approach in delivering compliant cryptocurrency investment products to the market.

The launch follows the SEC’s approval of updated listing standards for cryptocurrency ETFs. This regulatory milestone has streamlined the review process for numerous pending proposals, accelerating the availability of crypto-focused ETFs tailored to U.S. investors. Industry analysts have noted the potential implications of these developments in bridging the gap between digital assets and traditional finance.

As of September 18, 2025, 16:08 UTC, Dogecoin (DOGE) is trading at $0.288, with an 8.8% change in 24-hour trading volume. Meanwhile, XRP (XRP) is trading at $3.116, with a 3.223% increase in the same period, according to market data.