Osprey Funds and Rex Shares have applied to launch seven spot crypto ETFs with the U.S. SEC. This move reflects the increasing demand for regulated crypto investments.
Crypto ETF Filings
Osprey Funds and Rex Shares have filed for seven spot crypto ETFs with the U.S. SEC, targeting assets such as Bitcoin, Ethereum, XRP, Solana, and meme coins BONK, DOGE, and TRUMP. These ETFs plan to allocate 80% of assets in the target cryptocurrencies through spot holdings or derivatives.
U.S. Regulatory Environment
The ETF filings occur amidst significant regulatory changes in the U.S. Recent leadership changes, including the appointment of SEC Chair Paul Atkins and 'crypto czar' David Sacks, offer a favorable outlook for cryptocurrency markets.
Growing Interest in Cryptocurrencies
DOGE and BONK saw price surges following the ETF filings, highlighting increasing interest in the crypto market. This may indicate growing investor confidence in cryptocurrencies amid new regulatory measures.
Osprey Funds and Rex Shares aim to meet the rising demand for crypto investments. Their ETF filings reflect positive shifts in how U.S. regulators view cryptocurrencies.
