- Bloomberg analysts say the REX-Osprey XRP ETF ($XRPR) is set to launch Thursday, alongside a Dogecoin ETF.
- The 40 Act structure allows for faster approval, bypassing typical SEC bottlenecks.
- XRP approval odds hit 96% as institutional filings and Ripple’s legal clarity fuel investor confidence.
Bloomberg analysts Eric Balchunas and James Seyffart expect REX-Osprey’s long-awaited XRP ETF ($XRPR) to officially begin trading this Thursday. If the launch goes as planned, it will mark the first U.S. spot ETF giving direct exposure to XRP, the world’s third-largest cryptocurrency by market cap. REX-Osprey confirmed the product through social media, positioning $XRPR as a historic milestone that puts XRP on the same institutional stage once reserved for Bitcoin and Ethereum. Alongside XRP, a Dogecoin fund ($DOJE) will also launch — but it’s the XRP ETF that carries the biggest weight for regulated adoption.
Why the 40 Act Structure Matters
Unlike traditional ETF filings bogged down by months of SEC delays, REX-Osprey is leveraging the Investment Company Act of 1940 structure, better known as the “40 Act.” This setup allows issuers to bypass the long S-1 and 19b-4 approval process. ETF Store President Nate Geraci has called it a “regulatory end-around,” one that enables issuers like REX to push products to market in record time. The same strategy was used earlier this year for the Solana staking ETF, proving the model works. Now with XRP in the spotlight, the speed of this launch underscores just how determined issuers are to capture momentum before traditional applications catch up.
Institutions Circle XRP Exposure
The XRP ETF launch doesn’t come in isolation — it follows a wave of filings and amendments from big players like Grayscale, Bitwise, Franklin, and WisdomTree. On August 23, seven asset managers filed updated structures for XRP ETFs, a move analysts called “highly notable” and a signal that SEC feedback has turned more constructive. Prediction markets reflect this confidence: approval odds for XRP ETFs have jumped from 64% in August to a staggering 96% today, buoyed by Ripple’s legal victory when the SEC dropped its lawsuit. Institutional interest is clearly building, and XRP is suddenly front and center in the ETF race.
What This Means for XRP and the Market
For years, XRP has been in regulatory limbo, yet this ETF debut could mark the start of a new chapter. With billions flowing into Bitcoin and Ethereum ETFs, the arrival of $XRPR could attract similar institutional inflows, reshaping XRP’s liquidity profile and boosting its credibility among investors who previously kept their distance. While Dogecoin’s ETF launch adds cultural flair, XRP is the one positioned to cement itself as the next big regulated crypto asset on Wall Street. If successful, it could unlock a wave of new listings and cement XRP’s place in the global financial system.
