REX-Osprey Crypto ETFs Set to Launch This Week
The cryptocurrency investment market is abuzz with anticipation as REX and Osprey clear the U.S. Securities and Exchange Commission’s (SEC) 75-day review window for their latest crypto exchange-traded funds (ETFs). According to Bloomberg Intelligence analyst Eric Balchunas, these ETFs are expected to begin trading this Friday barring any last-minute objections from the SEC.
The lineup of ETFs includes some intriguing projects, such as the REX-Osprey Bonk ETF, Trump ETF, Bitcoin ETF, XRP ETF, and Doge ETF. These products are expected to open up new opportunities for both novice and experienced investors in the volatile crypto space.
What Makes These ETFs Different?
Unlike traditional ETFs that directly invest in spot assets, some of the upcoming ETFs are filed under the Investment Company Act of 1940 — commonly referred to as ‘40 Act Funds. These funds offer a simplified regulatory pathway compared to products filed under the Securities Act of 1933, which oversees physically backed commodities like spot Bitcoin and gold ETFs.
“This is a ‘40 Act fund that doesn’t directly invest fully in spot,” Balchunas explained in a statement. This legal framework allows providers to launch such ETFs without direct SEC opposition, provided no objections are filed during the 75-day waiting period.
SEC’s Delays on Competing Applications
While the REX-Osprey crypto ETFs are on track to market, the SEC has delayed decisions on several high-profile ETF applications from established players like Franklin Templeton, BlackRock, and Fidelity. Among the delayed products are applications designed to support staking for Ethereum (ETH) and other blockchain projects, as well as ETFs for XRP (Ripple) and Solana (SOL).
Grayscale and Bitwise have also experienced setbacks, with the SEC extending its review process for their proposed Dogecoin ETFs and Hedera ETFs to November 12.
Why ETFs Matter in Crypto Investing
Cryptocurrency ETFs provide investors with easier access to the market without the complexities of directly managing digital wallets and private keys. They open avenues for those who might be hesitant to dive into individual crypto trades but still want to gain exposure to digital assets.
If you’re considering beginner-friendly crypto trading, developments like these could provide new, streamlined ways to diversify your portfolio.
Recommended Product for Crypto Investors
For those diving into the crypto world, consider Ledger Nano X — a hardware wallet trusted by millions of investors to securely store their digital assets. Learn more or purchase directly from Ledger’s official website.
The Future of REX-Osprey ETFs
As crypto investments continue to gain legitimacy with ETF launches like REX-Osprey, the industry is evolving rapidly. The SEC’s recent clarifications regarding staking activities and blockchain as non-securities further highlight the potential for increased regulatory clarity. Investors can expect more products and opportunities in the months ahead as financial entities navigate this developing area.
