Key Takeaways
- Rex-Osprey launched the primary US-listed spot ETFs tied to XRP and Dogecoin.
- Submitting beneath the 1940 Act allowed the funds to bypass conventional SEC approval delays.
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REX-Osprey, a partnership between REX Shares and Osprey Funds, as we speak launched the primary U.S.-listed spot ETFs offering direct publicity to XRP and Dogecoin.
The brand new exchange-traded funds permit traders to realize publicity to XRP, a digital cryptocurrency created by Ripple Labs for quick worldwide transfers, and DOGE, a meme-inspired digital asset, with out immediately proudly owning the underlying cryptocurrencies.
The ETFs have been filed beneath the Funding Firm Act of 1940, a regulatory framework that has allowed issuers to bypass some conventional SEC approval delays for different crypto belongings.
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