REX-Osprey launches XRP and DOGE ETFs trading
The joint venture’s ETFs were filed under the Investment Company Act of 1940, bypassing SEC delays and expanding investor access to crypto assets.
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.
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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.
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