[Analyst: REX-Osprey plans to launch DOGE ETF next week] According to analysts, REX Shares and Osprey Funds plan to launch the first ETF that directly tracks the performance of DOGE next week (code DOJE), with a prospectus already submitted to the U.S. SEC. This ETF will emulate the Solana stake ETF launched in June this year, using a legal workaround under the 1940 Investment Company Act to invest through a subsidiary in the Cayman Islands to circumvent asset restrictions. The prospectus also mentions plans to launch ETFs related to XRP, BONK, and others. The SEC has taken a more open stance towards the encryption industry this year, with over 90 crypto ETFs currently awaiting approval, and Grayscale and others are also competing for the DOGE ETF.
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Analyst: REX-Osprey plans to launch DOGE ETF next week.
[Analyst: REX-Osprey plans to launch DOGE ETF next week] According to analysts, REX Shares and Osprey Funds plan to launch the first ETF that directly tracks the performance of DOGE next week (code DOJE), with a prospectus already submitted to the U.S. SEC. This ETF will emulate the Solana stake ETF launched in June this year, using a legal workaround under the 1940 Investment Company Act to invest through a subsidiary in the Cayman Islands to circumvent asset restrictions. The prospectus also mentions plans to launch ETFs related to XRP, BONK, and others. The SEC has taken a more open stance towards the encryption industry this year, with over 90 crypto ETFs currently awaiting approval, and Grayscale and others are also competing for the DOGE ETF.