Rex Shares & Osprey Funds File for Altcoin-Based ETFs
- Rex Shares and Osprey Funds have submitted applications to the SEC for a series of altcoin-based ETFs.
- The funds are structured under the Company Act of 1940, which allows for faster review processes.
- These ETFs will include a diverse range of assets, from AAVE to UNI and XLM.
- Since mid-September, there has been an increase in ETF applications following a simplified framework introduced by the SEC.
- Nate Geraci, an ETF analyst, noted that many mixed exchange-traded fund applications are currently pending.
The recent filings by Rex Shares and Osprey Funds reflect growing interest in cryptocurrency ETFs, particularly as regulatory frameworks evolve to accommodate them more swiftly.
With a focus on a wide array of altcoins, these new ETF proposals could signal a significant shift in market dynamics as interest continues to rise among investors.(Source)
