REX-Osprey filed two U.S. ETFs — the REX-Osprey XRP ETF (XRPR) and the REX-Osprey DOGE ETF (DOJE) — under the Investment Company Act of 1940 to target a faster ~75‑day review. Both funds would provide regulated spot exposure to XRP and Dogecoin, subject to final SEC approval.
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Filing under the ’40 Act aims for a ~75‑day review vs. up to 240 days under the ’33 Act.
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XRPR would allocate 20% to cash, 40% to other XRP ETFs, and may use derivatives.
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Management fee: 0.75% for XRPR; futures-based XRP ETFs already manage nearly $1 billion (industry data).
REX-Osprey ETFs: REX-Osprey XRP ETF and REX-Osprey DOGE ETF seek faster approval under the ’40 Act — track filings and SEC decisions on en.coinotag.com.
REX-Osprey plans first U.S. ETFs for XRP and Dogecoin under a faster ’40 Act structure, pending SEC approval.
What are the REX-Osprey XRP ETF (XRPR) and REX-Osprey DOGE ETF (DOJE)?
REX-Osprey ETFs are proposed U.S. exchange-traded funds filed on January 21, 2025, to offer regulated exposure to spot XRP and Dogecoin. The filings name XRPR for XRP and DOJE for Dogecoin and use a ’40 Act structure intended to shorten the SEC review timeline.
How does the ’40 Act structure change the approval timeline?
Filing under the Investment Company Act of 1940 targets an approximate 75‑day review period. This contrasts with the Securities Act of 1933 route, which can extend up to roughly 240 days. The faster timeline is intended to accelerate investor access if the SEC completes its review favorably.
What will the XRPR ETF hold and what are the fees?
The XRPR filing states the fund will seek to replicate XRP performance before fees. Holdings include 20% cash and cash equivalents, up to 40% in other XRP ETFs globally, and the use of derivatives such as futures or swaps if necessary. Management fee: 0.75%.
When could the REX-Osprey ETFs launch?
Analysts including Eric Balchunas and James Seyffart (Bloomberg) projected potential trading starts as early as this week, contingent on the SEC completing its review and exchange coordination. The SEC has not publicly confirmed approvals at the time of filing.
Frequently Asked Questions
Will these ETFs hold spot crypto directly?
XRPR indicates direct spot XRP holdings are part of its exposure but also allows investment in overseas funds and derivatives, so exposure may not be solely pure spot holdings.
Are these filings linked to any existing XRP or DOGE products?
The filing permits allocations to other XRP ETFs and derivatives, creating a hybrid exposure model rather than an exclusively pure spot fund.
Key Takeaways
- Faster review via ’40 Act: Allows an estimated ~75‑day SEC review compared with longer ’33 Act timelines.
- XRPR structure: 20% cash, 40% allocation to other XRP ETFs, possible derivatives; 0.75% fee.
- Market outlook: Industry analysts project a near-term launch if the SEC confirms; monitor SEC notices and exchange listings.
Conclusion
REX-Osprey’s filings for the REX-Osprey XRP ETF (XRPR) and REX-Osprey DOGE ETF (DOJE) represent a novel attempt to gain U.S. approval faster via the ’40 Act, offering regulated channels to XRP and Dogecoin with clear allocations and a 0.75% fee for XRPR. Investors should follow official SEC updates and issuer disclosures on en.coinotag.com for confirmation and additional details.
