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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Bloomberg analyst: The DOGE Spot ETF and XRP Spot ETF issued by REX-Osprey will be listed today.
On September 18, Bloomberg ETF analyst Eric Balchunas posted on social media that the DOGE Spot ETF and XRP Spot ETF issued by REX-Osprey will be listed on Thursday. Additionally, the TRUMP Spot ETF and BONK Spot ETF have also been submitted for registration, but the launch dates have not yet been announced. It is noteworthy that, unlike the Bitcoin and Ethereum Spot ETFs, which required a lengthy approval process, these funds utilize the Investment Company Act of 1940 (commonly known as the "40 Act"). This framework provides a streamlined path for products, including enhanced investor protections regarding custody, governance, and transparency—regulators have a positive attitude towards these features.