New cryptocurrency exchange-traded funds (ETFs) from REX and Osprey have gained SEC approval and are expected to begin trading soon. Analysts highlight an intriguing turn of events in the market.
Launch of New Crypto ETFs
According to Bloomberg Intelligence analyst Eric Balchunas, the new ETFs from REX and Osprey have successfully completed the 75-day review and are slated for launch on Friday. The lineup includes the REX-Osprey Bonk ETF, Trump ETF, Bitcoin ETF, XRP ETF, and Doge ETF.
CITE_NA: "Post-effective means that it’s going to launch, basically.”
Delays on Other ETF Applications
While the new funds are on track for launch, the SEC has delayed decisions on several high-profile ETF applications from Franklin Templeton, BlackRock, and Fidelity. The agency stated that additional time is needed to evaluate proposals related to staking for Ether within those funds.
SEC Rules and Their Impact on the Market
Earlier, the SEC clarified that certain liquid staking activities fall outside securities laws, potentially simplifying the approval process for new ETFs. In this context, many investors are closely monitoring the situation amid continuously changing regulations.
In the coming days, the cryptocurrency market may experience significant changes with the launch of new ETFs. The success of these funds could influence future initiatives and regulations in this space.
