XRP and Dogecoin ETFs to Launch in the US This Week
- Rex-Osprey is set to launch ETFs for XRP and Dogecoin this Thursday.
- These ETFs are filed under the Investment Company Act of 1940, differing from traditional commodity trust registrations.
- The XRP ETF will gain exposure through a Cayman Islands subsidiary, allowing investment in derivatives tied to XRP.
- More than ninety other ETF applications, including those for Solana, await approval by the SEC.
- Analysts consider approvals for Dogecoin and XRP ETFs as “near locks” later this year.
Rex-Osprey’s new ETFs for XRP and Dogecoin mark a significant development in the cryptocurrency market, providing investors with regulated access under the Investment Company Act of ’40. These products differ from existing spot Bitcoin and Ethereum ETFs by using a Cayman Islands subsidiary model for asset exposure.
The upcoming launch highlights growing interest in diversified crypto investments beyond major players like Bitcoin and Ethereum, with expectations of further approvals on the horizon. (Source)
