REX-Osprey Crypto ETFs Set to Launch
REX and Osprey are set to launch new cryptocurrency exchange-traded funds (ETFs) by Friday, having cleared the SEC's 75-day review window. This announcement was made by Bloomberg Intelligence analyst Eric Balchunas, who highlighted that the lineup includes the REX-Osprey Bonk ETF, Trump ETF, Bitcoin ETF, XRP ETF, and Doge ETF. The ETFs, organized under the Investment Company Act of 1940, have a simpler path to market compared to those filed under the Securities Act of 1933. Unless the SEC raises any last-minute objections, these funds will begin trading this week. While the REX-Osprey funds are on track, the SEC has delayed rulings on other notable ETF applications from firms like Franklin Templeton, BlackRock, and Fidelity, with decisions postponed on proposals that would allow staking for Ether and other crypto products. These delays underscore continued regulatory scrutiny in the cryptocurrency space.
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