XRP, DOGE ETFs have a new launch date

Core Insights - The SEC's 75-day review period for the REX-Osprey crypto ETFs has expired, allowing trading to commence on September 12 [1] - The ETFs will include assets tied to Bitcoin, XRP, Dogecoin, Bonk, and Trump [2] - The REX-Osprey DOGE ETF is noted as the first U.S. ETF to hold an asset with no utility by design, sparking discussions about the nature of meme coins [4] ETF Launch Details - The REX-Osprey ETFs are filed under the Investment Company Act of 1940, which allows for launch if the SEC does not object within the review period [1] - The DOGE ETF is set to launch on September 11, with analysts highlighting its unique position in the market [4] Market Performance - Dogecoin's price increased by approximately 2.29% over the last 24 hours, trading at $0.2491 [5] - XRP experienced a slight decline of 0.13%, trading at $2.99 [5] Future Outlook - There are currently 92 pending applications for crypto ETFs in the U.S., with expectations for an ETF covering the top 30-40 cryptocurrencies within the next year [6]