In brief
- XRP and DOGE ETFs are expected to debut this week.
- The exchange traded funds come from Rex-Osprey and are filed using the Investment Company Act of 1940.
- Other XRP and DOGE ETFs are seen as “near locks” for approval later this year.
Traditional investors in the United States will be able to gain exposure to Ripple-linked asset XRP and leading meme coin Dogecoin (DOGE) this week via new exchange traded products set to debut from financial institutions Rex Shares and Osprey Funds.
The firms have registered the funds under the Investment Company Act of 1940, allowing them to hit the market alongside other crypto ETFs, which are registered like commodity trusts via the Securities Act of 1933. Their listing is expected on Thursday.
“Investors look to ETFs as trading and access vehicles,” Greg King, founder and CEO of REX Financial told Decrypt.
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Author: Logan Hitchcock
