Core Insights - XRP's first US exchange-traded fund (ETF) has surpassed $100 million in assets under management (AUM) shortly after its launch, indicating strong institutional interest in regulated digital asset exposure [1][2] - The fund, launched in September, provides direct spot access to XRP and reflects a significant shift towards integrating digital assets into mainstream finance [2] - Regulatory delays from the US Securities and Exchange Commission (SEC) have stalled several pending spot XRP ETF applications, impacting the approval process for new products [3] Institutional Activity - Despite regulatory challenges, institutional interest in XRP is growing, as evidenced by the CME Group's introduction of XRP options following a successful uptake of XRP futures contracts [4] - The CME Group reported over 567,000 XRP futures contracts traded, amounting to approximately $26.9 billion in notional volume, equivalent to about 9 billion XRP tokens [4] - Client demand for new options products has increased as traders look to hedge against volatility and diversify their exposure [5]

Dogecoin (DOGE) surged 8% over the past 24 hours, outpacing Bitcoin and Ethereum, following the launch of the first U.S. spot DOGE exchange-traded fund (ETF). The fund, called DOJE, began trading Thursday morning on the Cboe BZX exchange in Chicago and quickly exceeded expectations, recording nearly $6 million in trading volume within its first hour. Dogecoin ETF Outpaces Analyst Forecasts, Highlighting Institutional Demand The ETF is issued through a collaboration between REX Shares and Osprey Funds, t ...

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].

Cryptocurrency Market Reaction - Major cryptocurrencies, including bitcoin (BTC), experienced a rise following the Federal Reserve's 25 basis-point rate cut and indications of further easing by year-end, despite a hawkish tone from Fed Chair Jerome Powell [1] - The CoinDesk 20 Index increased by 3% over 24 hours, with all members showing positive performance [1] Regulatory Developments - The SEC approved "accelerated basis" listing standards for crypto ETFs, reducing approval times from 240 days to approximately 75 days, which is expected to boost listings in the crypto market [2] DeFi Innovations - Aave introduced its V4 roadmap, transitioning to ERC-4626 share accounting, which will maintain the number of tokens while increasing their value over time, enhancing integration and tax treatment [3][4] - AAVE token price rose over 4% in the last 24 hours following this announcement [4] Tokenomics and Valuation Insights - Wormhole, a decentralized blockchain bridge, announced new tokenomics aimed at providing better earning opportunities for governance-active token holders [4] - A popular analysis suggested that Hyperliquid's HYPE token is undervalued, advocating for discounted cash flow (DCF) models due to its unique cash flow dynamics [5]

RT The O Show (Wendyo.eth) (@The_O_Show_)REX-Osprey XRP ETF (XRPR) launches this week as the first XRP fund registered under the Investment Company Act of 1940, offering added investor protections and using a Cayman sub to hold XRP.Bloomberg’s James Seyffart says it uses creative legal workarounds, like REX’s SOL ETF, to enable indirect spot exposure while staying within current SEC rules.Source: The Block ...