ETF Market Dynamics - Crypto ETFs, particularly Bitcoin spot ETFs, have demonstrated significant success and act as major price drivers and catalysts in the crypto market [1] - Ethereum ETFs experienced substantial inflows corresponding with price increases, highlighting the impact of ETFs on asset valuation [2] - The SEC's proposed generic listing standards could expedite crypto ETF approvals, potentially reducing the timeline from 240 days to 60-75 days, thus opening doors for altcoin funds [10] - The approval of generic listing standards for traditional ETFs in 2019 led to a surge in ETF launches, increasing from 117 per year to 370 per year, suggesting a similar expansion could occur in the crypto space [15] XRP ETF Potential - XRP is considered a strong contender for the first altcoin spot ETF, owing to its resilience and strong community support, despite past challenges [5][6][12] - There are 12 issuers with 18 different ETF products tied back to XRP, indicating significant industry interest [17] - Rex Shares from Osprey Funds is set to launch the Rex Osprey XRP ETF, potentially the first US ETF offering spot exposure to XRP, with $8 billion in assets under management [18] - An AI analysis suggests a potential debut surge inflow of $150 million to $20 billion for an XRP ETF, depending on market sentiment [23] - Industry experts estimate that an XRP ETF could attract $5 billion in its first month and potentially outperform Ethereum ETFs [24][25] - Crypto com CEO forecasts XRP ETFs attracting $8 billion of investor inflows in 2026 [29]

Group 1 - Traditional investors in the United States will gain exposure to Ripple-linked asset XRP and Dogecoin (DOGE) through new exchange traded products from Rex Shares and Osprey Funds, expected to list on Thursday [1] - The funds are registered under the Investment Company Act of 1940, allowing them to operate alongside other crypto ETFs registered under the Securities Act of 1933 [1][2] - The REX-Osprey XRP Portfolio will provide exposure to spot XRP through a Cayman Islands subsidiary and may also invest in derivatives tied to XRP [2] Group 2 - The Dogecoin-focused ETF, DOJE, will follow a similar structure to the XRP ETF, investing via the Cayman Islands subsidiary rather than directly holding the underlying asset [3] - Rex-Osprey previously launched a Solana staking ETF under the same Investment Company Act, marking a first in that category [4] - Over 90 other ETF applications featuring assets like XRP and Solana are pending SEC approval, with analysts suggesting that approvals for Dogecoin, Solana, and XRP ETFs are likely [5]

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]

Three glowing folders marked with Solana, XRP, and HBAR logos sit in a DTCC drawer under an SEC seal, signaling pre-launch listings without approval Fidelity and Canary have moved a step closer in their bid to launch altcoin-focused exchange-traded funds (ETFs) in the United States. On Sept. 11, the Depository Trust & Clearing Corporation (DTCC) quietly added three spot ETF products, including Fidelity’s Solana ETF (FSOL), Canary’s HBAR ETF (HBR), and Canary’s XRP ETF (XRPC), to its platform. The listing ...

With crypto ETFs heating up, analysts say #Litecoin, #XRP & #Solana should be on every investor’s radar. 👀 ...

Core Insights - The U.S. SEC has delayed decisions on several cryptocurrency-related ETFs, including BlackRock's iShares spot Ethereum ETF and Franklin Templeton's Solana and XRP ETFs, indicating a cautious regulatory approach towards altcoin funds [1][2][5] Group 1: SEC Delays - The SEC has postponed its decision on the Nasdaq's request for staking in the iShares Ethereum Trust (ETHA) to October 30, a 45-day delay from the original schedule [1] - The decision on Cboe's 19b-4 rule change filings for Franklin Templeton's Solana and XRP ETFs has been pushed back to November 14, a 60-day deferral [2] - Recent delays also include Nasdaq's bid to list the Grayscale Hedera Trust, now set for November 12, reflecting a trend of postponements for various crypto ETF applications [2][4] Group 2: Broader Implications - The SEC's recent actions follow a series of delays on other altcoin ETFs, including those from Bitwise, 21Shares, and VanEck, with the agency previously considering 90 crypto ETF applications before August [5] - Bloomberg's Senior ETF Analyst noted that these delays align with the SEC's strategy, likely timing approvals for altcoin ETFs and Ethereum staking after earlier proposals from Cboe and NYSE are approved [5] - Exchanges have requested amendments to listing standards that could expedite the approval process for future crypto ETFs, potentially allowing automatic listings without extensive evaluations [6][7]

Crypto Market & Regulation - Grayscale files for three new crypto ETFs, including Litecoin, Bitcoin Cash, and Hedera offerings [1] - Belarus' President urges the country's financial sector to accelerate crypto adoption [1] Economic Indicators - The U S economy created nearly 1 million fewer jobs than previously reported [1] Media & Sponsorship - "CoinDesk Daily" is hosted by @JennSanasie [1] - @MidnightNtwrk sponsors the CoinDesk media network [1]

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There Are Now More Than 90 Crypto ETFs Pending SEC Approval, Led by XRP and Solana► https://t.co/OouLeFaZFF https://t.co/OouLeFaZFF ...