Key Takeaways
- Rex-Osprey introduced the first US-listed spot ETFs tied to XRP and Dogecoin.
- Filing under the 1940 Act allowed the funds to bypass traditional SEC approval delays.
REX-Osprey, a partnership between REX Shares and Osprey Funds, today launched the first U.S.-listed spot ETFs providing direct exposure to XRP and Dogecoin.
The new exchange-traded funds allow investors to gain exposure to XRP, a digital cryptocurrency created by Ripple Labs for fast international transfers, and DOGE, a meme-inspired digital asset, without directly owning the underlying cryptocurrencies.
The ETFs were filed under the Investment Company Act of 1940, a regulatory framework that has allowed issuers to bypass some traditional SEC approval delays for alternative crypto assets.
Source: https://cryptobriefing.com/rex-osprey-xrp-doge-etfs-launch/