Crypto ETFs filings may have found a fast track. | Credit: Michael M. Santiago/Getty Images. Key Takeaways REX-Osprey will be the first to launch a ‘spot’ Ripple ETF. The 1940 Act allows for an expedited approval window of 75 days instead of 240 days under the Securities Act of 1933. The XRPR ETF will be comprised of 80% XRP and 20% cash, treasuries, and derivatives. The Investment Company Act of 1940, otherwise known as the ’40 Act, was designed to minimize self-dealing, fraud, and mismanagement, ...