REX Shares Announces Launch of DOGE and XRP ETFs
- US-based REX Shares plans to launch Dogecoin (DOGE) and XRP exchange-traded funds (ETFs) on September 18.
- The REX-Osprey XRP ETF will trade under the ticker symbol XRPR, while the REX-Osprey DOGE ETF will use the ticker DOJE.
- Nate Geraci from the ETF Institute highlighted these as the first-ever DOGE ETF and the first XRP ETF offering spot exposure.
- Bloomberg experts predict these ETFs could enter the market soon, despite SEC delays on other crypto ETFs.
- SEC approvals are pending, with potential procedural changes expected to streamline future cryptocurrency investments.
REX Shares is set to introduce new ETFs for Dogecoin and XRP, marking significant milestones in crypto investment accessibility in the US. This move could pave the way for increased participation from retail and institutional investors, potentially impacting demand and price dynamics for these digital assets.
While REX Shares has announced its plans, official approval from the SEC remains pending, leaving investors awaiting confirmation on this anticipated development in cryptocurrency markets. (Source)
