REX-Osprey Dogecoin and XRP ETFs likely to debut this week

Core Insights - REX-Osprey's Dogecoin ETF (DOJE) and XRP ETF (XRPR) are set to commence trading on September 18, 2023, expanding the crypto ETF landscape beyond Bitcoin and Ethereum [1][12][14] - The REX-Osprey ETFs utilize a registered investment company (RIC) structure, which provides operational flexibility while adhering to regulatory requirements [4][5][6] - The SEC has approved five REX-Osprey ETFs, with over 90 additional crypto ETF filings awaiting decisions, indicating a growing interest in altcoin exposure [12][13] ETF Launch Details - DOJE and XRPR are confirmed to start trading on September 18, 2023, with the Dogecoin ETF experiencing delays from its original debut date of September 12 [2][12] - The REX-Osprey ETFs are distinct from traditional spot crypto ETFs, as they operate under a RIC framework rather than corporate tax structures [4][10] Regulatory Framework - The RIC structure allows the funds to hold spot crypto assets while maintaining the ability to use derivatives, providing a balance between exposure and flexibility [6][10] - This structure results in different tax treatments and operational requirements compared to C-corporations, affecting investor return distribution [10] Market Context - The SEC's approval of REX-Osprey ETFs comes amid a broader context where over 90 crypto ETF applications are pending, with potential approvals expected in October [12][13] - Despite regulatory approvals, the SEC may delay launches to finalize a framework for fast-tracking crypto ETF approvals [13]