REX-Osprey’s Dogecoin ETF (DOJE) and XRP ETF (XRPR) begin buying and selling on Sept. 18, based on info shared on Sept. 15.
Bloomberg senior ETF analyst Eric Balchunas confirmed DOJE begins trading 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 traditional spot crypto ETFs and their very own Solana ETF’s authentic method.
Bloomberg ETF analyst James Seyffart defined that this construction supplies operational flexibility whereas assembly regulatory necessities.
The RIC framework allows funds to carry spot crypto belongings primarily whereas sustaining by-product utilization capabilities and ETF funding choices when market situations demand flexibility.
This method operates inside established funding firm rules somewhat than company tax buildings utilized by Bitcoin and Ethereum spot ETFs.
The construction gives completely different tax therapy, 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 buildings, demonstrating the staff’s willingness to adapt regulatory approaches.
The Dogecoin ETF skilled delays from its authentic Sept. 12 anticipated debut, with Balchunas predicting the mid-week launch materialized.
The funds be part of the crypto ETF panorama because the Securities and Trade Fee (SEC) authorized 5 REX-Osprey ETFs regardless of structural variations from present merchandise.
Concerning commonplace crypto ETF purposes, Seyffart famous that over 90 filings are awaiting a call from the SEC. The primary batch of approvals would possibly happen in October, as a number of the altcoin filings face their closing 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 needs to permit their buying and selling after its conclusion.
Nonetheless, the REX-Osprey launches develop crypto ETF choices past Bitcoin and Ethereum for now, providing publicity to different altcoins.
