REX-Osprey’s Dogecoin ETF (DOJE) and XRP ETF (XRPR) begin buying and selling on Sept. 18, in keeping with info shared on Sept. 15.
Bloomberg senior ETF analyst Eric Balchunas confirmed DOJE begins buying and selling on Sept. 18, noting that the TRUMP, BONK, and Bitcoin funds lack confirmed buying and selling dates.
On the identical day, REX Shares confirmed that the XRPR launch is scheduled for this week.
RIC construction
The REX-Osprey ETFs make use of a registered funding firm (RIC) framework that distinguishes them from conventional spot crypto ETFs and their very own Solana ETF’s unique method.
Bloomberg ETF analyst James Seyffart defined that this construction gives operational flexibility whereas assembly regulatory necessities.
The RIC framework permits funds to carry spot crypto property primarily whereas sustaining by-product utilization capabilities and ETF funding choices when market circumstances demand flexibility.
This method operates inside established funding firm laws somewhat than company tax constructions utilized by Bitcoin and Ethereum spot ETFs.
The construction affords completely different tax remedy, operational necessities, and regulatory oversight in comparison with C-corporations.
These variations have an effect on investor return distribution strategies whereas offering a center path between pure spot publicity and full structural innovation.
Solana ETF
REX-Osprey beforehand launched the Solana ETF (SSK) as a C-corporation earlier than changing constructions, demonstrating the crew’s willingness to adapt regulatory approaches.
The Dogecoin ETF skilled delays from its unique Sept. 12 anticipated debut, with Balchunas predicting the mid-week launch materialized.
The funds be a part of the crypto ETF panorama because the Securities and Alternate Fee (SEC) accepted 5 REX-Osprey ETFs regardless of structural variations from present merchandise.
Relating to commonplace crypto ETF functions, Seyffart famous that over 90 filings are awaiting a call from the SEC. The primary batch of approvals would possibly occur in October, as a few of the altcoin filings face their remaining deadline subsequent month.
Nevertheless, the SEC would possibly delay the launch regardless of giving regulatory approval, because it not too long ago did with multi-asset funds from Grayscale and Bitwise.
In line with the Bloomberg analysts, the reason being that the regulator is ending a framework to fast-track crypto ETF approvals, and desires to permit their buying and selling after its conclusion.
Nonetheless, the REX-Osprey launches broaden crypto ETF choices past Bitcoin and Ethereum for now, providing publicity to different altcoins.
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