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Dogecoin and XRP ETF officially launched
REX-Osprey announced that the Dogecoin ETF (DOJE) and XRP (XRPR) will start trading from September 18, after the SEC approved 5 ETFs from the company at the same time. Previously, the Dogecoin ETF had been delayed from its planned launch date of September 12.
According to Bloomberg experts, new funds adopting the RIC structure allow direct holding of spot assets while still maintaining the ability to use derivatives when needed. This approach is different from spot Bitcoin and Ethereum ETFs following the C-corporation model, providing flexibility in terms of taxes and operations.
This event marks a step forward in diversifying cryptocurrency ETF products, expanding beyond Bitcoin and Ethereum, amid more than 90 other ETF filings still awaiting SEC review, with some potentially to be decided in October.