CoinShares International Ltd. has launched the CoinShares Altcoins ETF (NASDAQ:DIME), a new fund that enables investors to access the red-hot altcoin market without the hassle of dealing with crypto wallets.Find out what SOL is doing here.Spot Bitcoin and Ethereum ETFs have been the only cryptocurrency products available to U.S. brokerages up until now, keeping about 70% of the digital asset market off-limits. The DIME ETF is ready to alter that by delivering access to a diversified portfolio of altcoins st ...

Core Insights - The SEC has approved exchange-traded funds (ETFs) that can invest in Dogecoin (DOGE) and XRP, marking a significant development in the cryptocurrency investment landscape [1][5]. Group 1: ETF Launch Details - REX-Shares and Osprey Funds have launched the first U.S.-listed spot ETFs for Dogecoin and XRP on the CBOE exchange, trading under the tickers DOJE and XRPR [2][3]. - The REX-Osprey partnership has outpaced larger asset managers like Bitwise and Franklin Templeton in bringing these altcoins to U.S. securities exchanges [3]. Group 2: Approval Process and Structure - The REX-Osprey partnership utilized an alternative listing strategy under the Investment Company Act of 1940, which allowed for a faster approval process compared to the traditional Securities Act of 1933 [3][6]. - The new funds employ a combination of spot exposure and derivatives to comply with SEC regulations that prohibit holding all assets in a single commodity [4][6]. Group 3: Market Context - Other ETF applications for cryptocurrencies such as Solana (SOL), Cardano (ADA), and Polkadot (DOT) are pending, indicating a growing interest in altcoin investment vehicles [2]. - The SEC continues to delay approvals for "pure" spot altcoin ETFs structured under the Securities Act, with deadlines for decisions on various funds being extended [5].

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