Crypto investment products are gaining momentum as regulators give the green light to two new altcoin exchange-traded funds (ETFs) this week. The REX-Osprey XRP ETF, trading under the ticker XRPR, will provide spot exposure to XRP, the world’s third-largest cryptocurrency. Approved under the Investment Company Act of 1940, the fund is set to begin trading Friday, following the SEC’s 75-day review window.

A Dogecoin ETF will join shortly after. Bloomberg analyst Eric Balchunas confirmed that the REX-Osprey Dogecoin ETF (DOJE) is scheduled to launch Thursday. This marks the first memecoin ETF in the U.S., adding to REX-Osprey’s growing lineup, which already includes a Solana staking ETF and a pending BNB staking ETF filing.

The wave of crypto ETFs is expanding rapidly. Over 90 products await SEC approval, including Canary Capital’s Litecoin ETF and Bitwise’s proposed Avalanche ETF. Analysts say these launches signal growing institutional appetite for altcoins, following the path carved by Bitcoin and Ethereum ETFs.