Rex-Osprey has launched the REX-Osprey XRP ETF (CBOE: XRPR) and the REX-Osprey DOGE ETF (CBOE: DOJE). These are the first U.S.-listed ETFs to provide spot exposure to Ripple’s XRP and Dogecoin.
With these launches, Rex Osprey has brought a new level of access and transparency to cryptocurrency investing. DOJE is the first Dogecoin ETF ever, making it simple for investors to gain regulated, direct exposure to one of the world’s most recognizable and community-driven cryptocurrencies.
It holds a majority of its assets directly in DOGE meme coins. It also offers price performance within a regulated 1940 Act fund structure. These enable everyday brokerage accounts to seamlessly trade and hold Dogecoins like any other security.
In parallel, XRPR grants investors spot exposure to XRP, best known for its role in enabling fast and low-cost cross-border payments. The fund seeks to hold a majority of assets directly in XRP. Additionally, while supplementing holdings with exchange-traded products backed by Ripple’s token.
Innovative REX-Osprey ETF Structure
Unlike other crypto ETF applicants who have taken a more traditional regulatory approach, Rex Osprey opted for approval under the Investment Company Act of 1940. This allows the ETFs to launch automatically after a 75-day review period. This provides more agility and innovation in bringing new coins to public markets. By combining spot exposure and derivatives, these funds are able to balance direct investment with necessary risk controls.
Both ETFs now trade on the CBOE exchange under tickers XRPR (XRP) and DOJE (DOGE). Their introduction is especially timely as the SEC continues to deliberate on further altcoin ETF endorsements, with pending applications for Solana, Cardano, and Polkadot amid ongoing market demand.
The introduction of DOGE and XRP into the center of Wall Street and the creation of a model for the upcoming generation of crypto ETFs make the debut of XRPR and DOJE a turning point for investors. Rex Osprey’s daring action ushers in a new era of accessible, legal, and creative crypto investing as digital assets continue to blend with traditional banking.
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