Group 1: Regulatory Changes and Market Impact - The U.S. Securities and Exchange Commission (SEC) has streamlined listing standards for commodity-based trust shares, allowing crypto ETF applicants to bypass individual rule changes if they meet the standards of major exchanges like Nasdaq, Cboe BZX, and NYSE Arca [2] - Commissioner Caroline Crenshaw expressed concerns that the new rule could undermine investor protection by fast-tracking unproven products to market [3] - Rex-Osprey has launched its XRP ETF and DOGE ETF, with plans for a leveraged option targeting short-term traders [3][4] Group 2: Company Performance and Market Reactions - Dogecoin experienced a price increase to $0.28 but subsequently fell over 5% to $0.26, indicating volatility in response to market news [4] - KindlyMD's shares dropped 54% to $1.26, with a further decline to $1.40, marking an 87% decrease over the past month [5] - The merger of KindlyMD with Nakamoto Holdings established a Bitcoin treasury company, initiating a $200 million PIPE deal to support its Bitcoin treasury vision [6]

RT Ethereum Daily (@EthereumDaily_)Ethereum Daily ~ September 18, 2025🔵 Morpho Lending on Coinbase✅ SEC Approves Crypto ETF Listing Standards🐣 SYND Community Launch Goes Live+ Much more below! 🧵⬇️ https://t.co/xp2TlTc8kx ...

🔥NEW: Crypto ETF 'Floodgates' Open With SEC Listing Standards, But Price Impact May Be Uneven@sndr_krisztian reports.https://t.co/SVvP7WRs6U ...

Dogecoin (CRYPTO: DOGE) and XRP (CRYPTO: XRP) are rallying on Thursday as their ETF launches coincide with the SEC announcing its "generic listing standards" for crypto exchange-traded products. What Happened: Bitwise Chief Investment Officer Matt Hougan explained that these new rules could allow automatic approvals within 75 days if filings meet clear requirements, rather than the current slow case-by-case process. Likely criteria include the presence of a regulated futures contract, which could soon open ...

Core Insights - The SEC has approved Grayscale's Digital Large Cap Fund (GDLC), marking it as the first multi-crypto exchange-traded product (ETP) in the US [1][7] - This approval indicates a shift in regulatory momentum towards crypto ETFs, with expectations of increased launches in the sector [2][5] Company Overview - Grayscale's GDLC Fund provides diversified exposure to five major cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano [3][7] - GDLC currently holds over $915 million in assets under management, with a net asset value of $57.70 per share [4] Regulatory Context - The SEC's approval aligns with its broader initiative to authorize generic listing standards for crypto ETFs, streamlining the approval process for issuers [4][5] - SEC Chair Paul Atkins emphasized that this move maximizes investor choice and fosters innovation in the market [5] Market Implications - Analysts predict a surge in new crypto ETF launches following the approval of GDLC, with potential for over 100 new products within a year [5][6] - The approval may signify a turning point in the treatment of multi-asset crypto products under U.S. securities law, encouraging broader participation in the digital asset market [5]

Daily News 🗞 | Sep 18• Fed Chair Powell says FOMC is divided on additional rate cuts in 2025• Ethereum unveils roadmap focusing on scaling, interoperability, and security• Forward Industries eyes up to $4B share sale to back Solana push• CME Group to launch options on Solana, XRP futures in October• SEC approves generic listing standards for faster crypto ETF approvals#CryptoNews #PoloniexNEWS ...

Crypto ETF floodgates about to openEleanor Terrett (@EleanorTerrett):🚨JUST IN: The @SECGov has approved a generic listing standard for commodity-based trust shares on the Nasdaq, CBOE and NYSE, a move that will streamline the approval process for crypto exchange-traded products.Experts say the new standard will let products come to market https://t.co/Bm7JNjA9KP ...

Group 1 - XRP is gaining attention from traditional finance as new products are introduced in the securities and derivatives markets, providing more access points for exposure to the token [1] - On September 18, REX Shares and Osprey Funds will launch the first U.S.-listed ETFs linked to XRP and Dogecoin on the Cboe BZX Exchange, under the tickers XRPR and DOJE [2] - The newly launched funds are not "pure" spot products; they hold XRP and DOGE directly while also investing in other spot ETFs from outside the U.S. to gain exposure [3] Group 2 - The structure of these ETFs reflects the challenges of creating regulated crypto ETFs in the U.S., where sponsors often include indirect exposure [4] - CME Group plans to expand its crypto derivatives offerings by listing options on XRP and Solana futures, pending regulatory review, targeted for October 13 [4] - The options will be available on both standard and micro contracts, catering to institutions and active traders, with various expiry choices [5] Group 3 - Since March, Solana futures have seen over 540,000 contracts traded, amounting to approximately $22.3 billion notional, while XRP futures have recorded over 370,000 contracts, roughly $16.2 billion notional [6] - Market participants have expressed the need for hedging tools beyond Bitcoin and Ether, welcoming the introduction of XRP and Solana options [6] - CME Group operates the largest regulated derivatives marketplace globally, allowing participants to hedge positions with central clearing and margining [7]

Core Insights - The Investment Company Act of 1940 ('40 Act') provides a faster pathway for firms to launch spot crypto ETFs, as demonstrated by REX-Osprey's rapid approval of its spot Ripple (XRP) fund [2][3][7] Group 1: Regulatory Framework - The '40 Act was established to minimize self-dealing, fraud, and mismanagement in financial firms, particularly after the 1929 Stock Market Crash and the Great Depression [1] - REX-Osprey's XRP ETF must maintain a diversified portfolio, requiring 80% XRP along with cash, treasuries, and derivatives, which deviates from a "pure" spot ETF structure [4][7] - Firms under the '40 Act must register with the SEC, outline their objectives, and adhere to strict reporting standards to ensure investor protection [3][4] Group 2: Approval Process - The typical review process for spot crypto ETFs under the Securities Act of 1933 can take up to 240 days, while the '40 Act allows for a reduced review period of 75 days for applications with similar precedents [5][7] - The SEC has the authority to exempt certain rules under the '40 Act if alternative safeguards are in place, as seen with REX-Osprey's use of a Cayman Islands subsidiary for XRP holdings [6][8] - REX-Osprey's XRP ETF launch was initially set for September 12 but was delayed to September 18, indicating some regulatory scrutiny despite the expedited process [8]

Bloomberg ETF analysts Eric Balchunas and James Seyffart expect REX-Osprey’s XRP and Doge ETFs to launch Thursday, marking the first U.S. spot exposure to these cryptocurrencies through regulated investment vehicles. The XRP ETF will trade under ticker $XRPR while the Dogecoin fund uses symbol $DOJE, both utilizing the faster 40 Act structure that bypasses traditional SEC approval delays. REX-Osprey confirmed the XRP ETF launch through social media, positioning $XRPR as the first U.S. fund delivering spo ...