REX Shares Announces Launch of DOGE and XRP ETFs on September 18
REX Shares Announces DOGE and XRP ETFs Launch
- REX Shares plans to launch Dogecoin (DOGE) and XRP exchange-traded funds (ETFs) on September 18.
- The REX-Osprey XRP ETF will trade under the ticker XRPR, and the REX-Osprey DOGE ETF under DOJE.
- These ETFs could be the first in the US offering access to DOGE and XRP, potentially increasing demand and prices for these cryptocurrencies.
- Nate Geraci from the ETF Institute highlighted the significance of these ETFs as the first of their kind.
Market Outlook and SEC Delays
- Bloomberg experts predict the ETFs could launch soon despite SEC's decision delays on other crypto ETFs.
- BlackRock’s Ethereum staking application amendment is postponed until October 30.
- SEC and exchanges like Cboe and NYSE are coordinating on updated listing standards.
- Streamlined procedures expected in October may lead to increased institutional cryptocurrency adoption.
- The US SEC has not yet confirmed approval for these or similar ETFs providing spot price exposure.
