Core Insights - The first exchange-traded fund (ETF) focused on a meme coin, the Rex Shares-Osprey Dogecoin ETF (DOJE), is expected to launch soon after delays [1][2] - DOGE has performed well recently, showing a 15% increase over the past month despite a 3.5% decline in the last 24 hours [2] - DOJE will not hold DOGE directly but will use a Cayman Islands-based subsidiary to gain exposure through futures and derivatives [3] ETF Structure and Approval - DOJE was approved under the Investment Company Act of 1940, distinguishing it from bitcoin ETFs approved under the Securities Act of 1933 [4] - This structure aligns DOJE more closely with mutual funds rather than commodity trusts [4] Future Developments - There are ongoing applications for spot DOGE ETFs that would hold the meme coin directly, currently under review by the U.S. Securities and Exchange Commission (SEC) [5] - The SEC has shown increased comfort with crypto ETFs following the approval of several bitcoin products in early 2024 [5] Market Context - The broader crypto market indicates that investor demand can surpass fundamental critiques, as meme coins continue to attract significant speculative capital despite skepticism regarding their underlying value [6]

Group 1: Crypto Sector Overview - The crypto sector is gaining momentum, with the Trump administration prioritizing the U.S. as the crypto capital of the world, including plans for a strategic U.S. Bitcoin reserve and facilitating crypto investments in retirement portfolios [1] Group 2: XRP Overview - XRP is the third-largest cryptocurrency by market cap and is positioned as a potential disruptor in international payments, aiming to enhance the efficiency of money transfers for financial institutions and individuals [2][3] - XRP's network can process 1,500 transactions per second, designed specifically for its intended purpose despite other networks having higher transaction capabilities [4] Group 3: Ripple's Strategy - Ripple is bridging the gap between crypto and mainstream finance by providing instant payments, stablecoins, and custody solutions, already serving numerous traditional bank clients [5] - Ripple's CEO, Brad Garlinghouse, believes XRP can capture volume from SWIFT by offering real-time liquidity and reducing the need for banks to hold reserves, thus enhancing capital efficiency [6] Group 4: Market Catalysts - The potential launch of a U.S. XRP spot exchange-traded fund (ETF) is a significant catalyst, with market expectations leaning towards approval by the SEC within the year [7]

Core Insights - The US SEC is expected to approve new crypto ETFs soon, with Solana and XRP ETFs having a 95% chance of approval and HBAR ETF at 90% [2] - The REX-Osprey Spot XRP ETF is set to launch on September 12, 2025, after the SEC completed its review without objections [4][5] - The broader crypto market is showing strength, with Solana and XRP experiencing significant price increases as ETF approval deadlines approach [6] Group 1: ETF Developments - HBAR, Solana, and XRP ETFs filed by Fidelity Investments and Canary Capital have made progress towards DTCC listing, indicating potential SEC approval [1][2] - The DTCC listing is an administrative step, and these ETFs still require SEC approval before trading can begin [3] Group 2: Market Performance - Solana has gained 6.3% and extended its weekly gains to 15%, outperforming other altcoins [6] - XRP has also shown strength, with an 8% increase over the past week, as investors anticipate the XRP ETF launch [6]

The Securities and Exchange Commission (SEC) extended its decision deadline for Franklin Templeton’s Solana and XRP ETF proposals to November 14, using the maximum 60-day extension authority before issuing final rulings. The regulator also postponed BlackRock’s iShares Ethereum Trust staking amendment to October 30, adding 45 days to the original timeline. Source: SEC.gov SEC Needs More Time to Decide SEC filings indicate the agency needs “sufficient time to consider” the proposals without revealing ap ...

Core Viewpoint - Dogecoin and Shiba Inu are similar in nature as dog-themed meme coins, but Dogecoin is expected to grow faster due to the potential launch of a Dogecoin ETF in the U.S. [1] Group 1: ETF Developments - A Dogecoin ETF could launch in the U.S. soon, providing exposure to Dogecoin through traditional brokerages, which may enhance its market appeal [4] - There are multiple spot ETF filings for Dogecoin awaiting SEC rulings, indicating active engagement and potential for price increases if approved [5] - In contrast, there is no mainstream asset-manager spot ETF application for Shiba Inu, highlighting a significant opportunity gap [6] Group 2: Market Implications - The approval of Dogecoin ETFs could facilitate easier access to new capital inflows, potentially boosting its price [7] - Historical data shows that spot Bitcoin ETFs attracted approximately $37 billion in net inflows during their first year, suggesting that crypto ETFs can mobilize substantial capital if there is interest in the underlying asset [6] - Early inflows for Ethereum ETFs were modest initially but accelerated over time, indicating that new crypto ETFs can stimulate demand even if initial market reception is lukewarm [8]

Group 1: Cboe's New Product Launch - Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers in November, pending regulatory approval [1] - These futures contracts will last 10 years, providing investors with continuous long-term market access to Bitcoin and Ethereum [1] - Cboe aims to bring the utility of perpetual futures, which have gained strong adoption in offshore markets, to the U.S. regulated futures exchange [2] Group 2: Market Context and Developments - The contracts will be cash-settled and aligned to real-time spot market prices, enhancing transparency for U.S. traders [2] - Cboe has been active in the crypto ETF space, filing for rule changes with the SEC to allow the listing of funds tracking the spot price of major altcoins [3] - Cboe BZX and NYSE Arca have submitted proposals to the SEC to change how crypto ETFs are approved, seeking automatic listing for certain products [4] Group 3: Current Market Prices - Bitcoin was recently trading at $111,305, having dropped by nearly 1% over a 24-hour period [5] - Ethereum was priced at nearly $4,289, remaining relatively flat during the same period [5]

Recorded with Canary Capital CEO & Injective CEO this week to cover:- Steven's October Timeline for 20-50 Crypto ETF Approvals- Why Staking ETFs Beat Non-Staking Versions- How Treasury Companies Are Outperforming ETFs- The Good vs Bad Digital Asset Treasury Playbookhttps://t.co/R6MiIUFsdK ...

ETF Focus - The report discusses a potential "American-Made" Crypto ETF [1] - The report questions whether XRP, Solana, and Cardano will be included in the ETF [1]

ETF Filing - Canary files for an "American-Made Crypto ETF" [1] - The ETF will hold cryptocurrencies developed, mined, or operated in the US [1]

ETF Filing - Canary 公司提交了一份 "美国制造加密货币 ETF" 的申请 [1] - 该 ETF 旨在持有在美国开发、挖掘或运营的加密货币 [1] Industry Focus - 行业关注点在于美国本土加密货币的发展 [1]