Crypto News Today: REX-Osprey Crypto ETF will launch on Friday unless the SEC disputes

Key Points REX and Osprey cryptocurrency ETFs, including products related to Bitcoin, XRP, Dogecoin, Bonk and Trump tokens, have passed the Securities and Exchange Commission (SEC) 75-day review period. Bloomberg's Eric Balchunas said the funds will debut this week unless the SEC has made last-minute objections. Meanwhile, the SEC delayed its decision to apply for ETFs from competitors such as Franklin Templeton, BlackRock, and Fidelity. REX-Osprey Fund is about to go public, Bloomberg analyst Eric Balchunas told Cointelegraph that REX Shares and Osprey Funds are expected to launch a new wave of cryptocurrency ETFs on Friday, Sept. 12. The lineup includes: REX-Osprey Bitcoin ETFREX-Osprey XRP ETFREX-Osprey Dogecoin ETF (DOJE)REX-Osprey Bonk ETFREX-Osprey Trump ETF “These are filed under the Investment Companies Act of 1940, “The path is simpler than the spot ETF of the 1933 Act,” Barchunnas explained. “If the SEC does not raise any objection within 75 days, these funds will automatically go online. ”The 1940 Act vs. 1933 Act ETFs Most U.S. ETFs are constructed under the 1940 Act and operate in open investment companies holding securities or futures. These ETFs are different from the 1933 Act ETF, which are commonly used in physically supported products such as spot bitcoin or gold ETFs. For example, Dogecoin ETFs rely on Cayman Islands subsidiaries and derivatives exposure rather than directly holding spot. SEC delays competitors While the REX-Osprey lineup continues to advance, the SEC delays decisions on several high-profile applications: the staking Ether ETF (Franklin Templeton, BlackRock, Fidelity) XRP and Solana ETF Bitwise Dogecoin ETF and Grayscale Hedera ETF (New Deadline: November 12) ahead of this, the SEC recently clarified that proof-of-stake blockchain and certain liquid staking activities do not constitute securities—a shift that could reshape the regulatory landscape of token-based ETFs. Outlook, unless the SEC intervenes, the REX-Osprey ETF will be the first to expand access to retail and institutional investors under the ’40 Bill structure. Their debut will also be in stark contrast to the spot Ethereum, Solana and XRP ETF applications that are still awaiting approval.