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REX-Osprey Eyes September 18 Launch for Dogecoin & XRP ETFs

REX-Osprey Eyes September 18 Launch for Dogecoin & XRP ETFs

Markets

REX-Osprey Dogecoin and XRP ETFs Scheduled for Launch

Asset manager REX Shares, in partnership with Osprey Funds, has announced plans to launch spot Dogecoin and XRP ETFs this week, specifically targeting institutional investors. Bloomberg analyst Eric Balchunas confirmed the launch date as September 18 via an X post.

The Dogecoin ETF (DOJE) and XRP ETF (XRPR) will operate under the 40 Act. While REX Shares has also filed for TRUMP and BONK ETFs, there are currently no confirmed launch dates for those funds.

What to Expect from the New ETFs

  • Spot Exposure: These ETFs are designed to give institutional investors spot exposure to Dogecoin and XRP.
  • First of Their Kind: While other entities have filed for similar ETFs under the 33 Act, REX-Osprey’s funds aim to be the first to market with spot exposure for these altcoins.
  • Fund Composition: According to Bloomberg analyst James Seyffart, the DOGE ETF may hold other spot DOGE ETFs, and the XRP ETF may include additional assets besides spot XRP.

REX Shares Confirms XRP ETF Launch

REX Shares has officially confirmed the upcoming launch of its XRP ETF (XRPR), highlighting that it will be the first U.S. ETF to provide investors with spot exposure to XRP, the third-largest cryptocurrency by market capitalization.

REX Shares also launched the first Solana staking ETF, which operates under the 40 Act and has surpassed $250 million in assets under management (AuM).

Disclaimer: Investing in cryptocurrencies and ETFs carries risk. Conduct thorough research and consult with a financial advisor before making investment decisions.

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