Because the Securities and Trade Fee’s (SEC) 75-day evaluation window expires, the crypto exchange-traded funds (ETFs) launched collectively by REX and Osprey can start buying and selling on Sep. 12.
Bloomberg analyst Eric Balchunas stated the funds have been filed underneath the Funding Firm Act of 1940 which “doesn’t immediately make investments totally in spot.” It means as lengthy because the SEC doesn’t object in the course of the evaluation interval, “you may let it launch 75 days after submitting,” he told Cointelegraph.
The package deal anticipated to debut tomorrow contains REX-Osprey ETFs tied to Bitcoin, XRP, Dogecoin, Bonk, and Trump.
Whereas the primary two are among the many three largest cryptocurrencies, the remainder of them are meme cash that have discovered reputation throughout the crypto group.
Earlier, Balchunas had said the REX-Osprey DOGE ETF (DOJE) is slated for a launch on Thursday, Sep. 11. “Fairly positive that is first-ever US ETF to carry one thing that has no utility on objective,” he remarked.
Because the followers of the meme coin objected over the “no utility” remark, Balchunas responded,
“However the coin was actually began by two guys as a joke. So what’s the utility?”
When a person said sports activities additionally have no utility apart from group and leisure however are nonetheless profitable, the analyst said he agreed and wasn’t judging the asset, however folks ought to personal the truth that meme cash are for “enjoyable and hypothesis.”
Related: What are meme coins? Explained
Nonetheless, Dogecoin’s worth has risen round 2.29% over the past 24 hours, and it was buying and selling at $0.2491 on the time of writing, as per Kraken’s price feed.
In the meantime, XRP has fallen 0.13% in 24 hours to $2.99.
Bloomberg analyst James Seyffart shared that 92 filings or purposes associated to crypto ETFs are within the queue, ready to get launched within the U.S.
Market researcher James McKay said he anticipated an ETF tied to all the highest 30-40 cryptocurrencies inside 12 months even with delays.
This story was initially reported by TheStreet on Sep 11, 2025, the place it first appeared within the MARKETS part. Add TheStreet as a Preferred Source by clicking here.
