Several New Crypto ETFs Landed In September. What Should Investors Think?

Core Insights - September saw the launch of several notable crypto-based ETFs, marking a reacceleration in the crypto ETF market following the introduction of bitcoin ETFs early last year [2][3] - The REX-Osprey XRP ETF (XRPR) and REX-Osprey DOGE ETF (DOJE) are among the new offerings, with XRPR attracting significant inflows [3][4] ETF Launches - The REX-Osprey XRP ETF (XRPR) tracks the digital asset XRP associated with Ripple, while the REX-Osprey DOGE ETF (DOJE) tracks Dogecoin [3] - The Grayscale CoinDesk Crypto 5 ETF (GDLC) tracks an index that includes bitcoin and four other crypto assets, boasting around $749 million in total assets under management [3][4] Investor Interest and Performance - XRPR has seen inflows of approximately $67 million, while DOJE has attracted just under $20 million [4] - Despite initial interest, XRPR is down about 7% and DOJE is down 17% since their launches [8] Market Expectations - Experts anticipate that crypto index funds like GDLC could become particularly popular among investors and financial advisers [5][9] - A clearer regulatory stance from the SEC is expected to facilitate the approval of more crypto ETFs, with expectations that most applications will gain approval before 2026 [7] Trading Activity - XRPR set a record for first-day trading volume in the ETF sector this year, while DOJE ranked in the top five for first-day trading [6] - The overall investor reaction indicates a growing appreciation for the convenience and efficiency of crypto ETFs [10]