REX Shares says XRP ETF is launching this week, marking a first of its kind using unique legal framework
Quick Take The REX-Osprey XRP ETF, with the ticker symbol $XRPR, is debuting this week, according to a post from REX Shares. The latest REX Osprey ETF filings tracking XRP and DOGE use some workarounds when compared to other XRP ETF proposals, Bloomberg’s James Seyffart told The Block.
Investment company REX Shares and Osprey Funds are launching an XRP exchange-traded fund, marking the first of its kind to debut in the United States.
In a post on X, the firms said the REX-Osprey XRP ETF, with the ticker symbol XRPR, is coming this week. The fund is different from other XRP ETF proposals that have been floated by other firms, as it is registered under the Investment Company Act of 1940 — a federal law that regulates investment funds that pool capital from investors to pursue a common investment strategy in an effort to protect investors from conflicts of interest and fraud.
XRPR uses a similar legal structure as the REX Osprey SOL Staking ETF when it launched in June. The latest REX Osprey ETF filings tracking XRP and DOGE use some workarounds when compared to other XRP ETF proposals, said Bloomberg Intelligence Analyst James Seyffart.
The Rex-Osprey XRP ETF will mostly hold XRP directly and will invest at least 40% of its assets into shares of other ETFs related to XRP, according to a prospectus .
Meanwhile, a Dogecoin ETF from REX and Osprey was expected to start trading last week, but was ultimately pushed. Bloomberg Senior ETF Analyst Eric Balchunas said the DOGE ETF could launch on Thursday.
Dozens and dozens of proposals have been filed for several types of crypto ETFs over the past year, from ones tracking DOGE to LTC to SOL. The SEC has taken a friendlier stance toward the crypto industry, specifically toward crypto ETFs. In July, the agency voted to approve orders to allow in-kind creations and redemptions by authorized participants for crypto ETFs. The agency also then allowed applications looking to list and trade spot bitcoin and Ethereum ETFs, as well as options on "certain spot bitcoin ETPs."
During the Biden administration, the SEC greenlighted spot bitcoin ETFs and later Ethereum ETFs, following a pivotal court ruling brought by Grayscale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cobie: Long-term trading
Crypto Twitter doesn't want to hear "get rich in ten years" stories. But that might actually be the only truly viable way.

The central bank sets a major tone on stablecoins for the first time—where will the market go from here?
This statement will not directly affect the Hong Kong stablecoin market, but it will have an indirect impact, as mainland institutions will enter the Hong Kong stablecoin market more cautiously and low-key.

Charlie Munger's Final Years: Bold Investments at 99, Supporting Young Neighbors to Build a Real Estate Empire
A few days before his death, Munger asked his family to leave the hospital room so he could make one last call to Buffett. The two legendary partners then bid their final farewell.

Stacks Nakamoto Upgrade
STX has never missed out on market speculation surrounding the BTC ecosystem, but previous hype was more like "castles in the air" without a solid foundation. After the Nakamoto upgrade, Stacks will provide the market with higher expectations through improved performance and sBTC.

