{"b567972a248d7a7a388154377ef09426":"The U.S. crypto market has reached a major new stage. REX Shares and Osprey Funds have officially launched two new exchange-traded funds (ETFs) for Dogecoin (DOJE) and XRP (XRPR). These are the first ETFs in the United States that give investors direct access to these altcoins in a regulated way. ","0737767a36d58afee1fd48b3f0e3f6f2":"The First  Dogecoin and XRP ETF","4ab0b9d4643bae019bac05f2ef3a6a1d":"The much-anticipated DOJE ETF is the first-ever Dogecoin ETF in the U.S. Until now, Dogecoin has had no futures-based or spot funds available to investors. Bloomberg analyst Eric Balchunas pointed out that this is also the first U.S. fund linked to a cryptocurrency that has little to no practical use in real-world applications.","208f64ff21d57ea60f7365225fece30b":"Likewise, the XRPR ETF gives similar access to XRP. Both funds are regulated under what is known as the \u201c40 Act.\u201d ","3fdf6fb61508f87c9c4582e5733fd9d8":"This means they do not hold 100% spot crypto directly but instead include other funds that give spot exposure to Dogecoin or XRP. This design still allows investors to benefit from changes in the price of these tokens.","291553f138c2ab92cf11bf71452793b3":"Mixed Expectations for Dogecoin and XRP ETF Launch","b572a1c5f149b35d685f6cbeac3bffda":"This new launch builds on REX and Osprey\u2019s earlier success with their Solana staking ETF. That fund was the first in the U.S. to offer direct Solana exposure with on-chain staking rewards. It has already attracted more than $275 million in assets under management, showing strong demand for such products.","04ca639e9f566fe35775e1f4b039e089":"Market experts are also watching these new ETFs closely. Nate Geraci, a well-known ETF analyst, said he expects strong demand for XRP ETFs, noting that similar futures-based crypto funds have already been successful.","cbbc040cb87733131901d9b3b274c94f":"Balchunas, however, expects more modest trading volumes at first. He predicted that the DOJE ETF would trade around $2.5 million on its first day. He also said investors\u2019 interest might be lower because these are 40 Act funds. These types of funds usually attract less excitement compared to 33 Act funds, and because XRP already has other similar ETFs available like ProShares\u2019 Ultra XRP Futures ETFs.","86f0a7af972f0fdacc0a1500bb8b440d":"SEC Approval Sets Stage for More Crypto ETFs","40a7debf48e604480e099413101e171a":"This news comes shortly after the SEC approved the country\u2019s first multi-asset cryptocurrency exchange-traded product (ETP). This paves the way for Grayscale\u2019s approved Digital Large Cap Fund (GLDC) to be listed on a national exchange. Meanwhile, Grayscale\u2019s GLDC already holds XRP, giving investors partial exposure. ","02b7954123a7da20223ba08558b56076":"Under the SEC\u2019s new listing rules, more Dogecoin and XRP ETFs are expected to appear soon. Currently, there are three applications for Dogecoin ETFs and seven for XRP ETFs. However, it is unclear if these pending proposals will have to wait until October, when the SEC makes its final decisions. ","da65b324b90c788ee8f1419dd5039749":"Bloomberg analyst James Seyffart said it is uncertain how the regulatory agency will handle these pending applications. However, Seyffart noted that the process is likely to be faster in the future.","3f5ce7908693d053f750afb8762a435b":"The post REX and Osprey Launch First U.S. Dogecoin and XRP ETFs appeared first on TheCoinrise.com."}