This week, two new exchange-traded funds (ETFs) based on XRP and Dogecoin are set to launch in the US. These products represent a significant step forward in the regulation of cryptocurrency assets.
Launch of New ETFs on XRP and Dogecoin
The exchange-traded funds backed by XRP and Dogecoin will be launched by Rex Shares and Osprey Funds. These ETFs are registered under the Investment Company Act of 1940, distinguishing them from previously-launched crypto ETFs.
Structure and Features of New ETFs
The new products offer regulated exposure to XRP and Dogecoin in the US market. They do not rely on direct ownership of crypto assets, but use an indirect structure through subsidiaries registered in the Cayman Islands.
Regulatory Perspectives on the Crypto Market
The launch of ETFs on XRP and Dogecoin marks an important moment in expanding opportunities for investors, while over 90 other crypto ETF applications await SEC approval.
The launch of ETFs on XRP and Dogecoin highlights changes in the regulatory landscape for cryptocurrencies, opening new avenues for investors and broadening access to assets in the traditional market.
