REX-Osprey's DOGE ETF and XRP ETF offering spot exposure will be available today

According to Golden Finance, according to US ETF provider REXShare, the first batch of crypto ETFs that provide spot exposure to XRP and DOGE will be listed on CBOE on September 18, providing investors with channels to invest in these digital assets through the ETF structure. It is worth noting that REX-OspreyDOGEETF and XRPETF are not typical spot ETFs. They do not directly hold all DOGE and XRP tokens, but also hold other assets, such as cash, US Treasury bonds and even other ETFs. The approval process for such products is completely different and does not require clear approval from the US SEC. The application will take effect automatically after 75 days. According to documents submitted by REX-Osprey to the SEC, the two ETFs invest at least 80% of their net assets in reference assets and other assets that provide exposure to the reference assets, and at least 40% of their assets are directly invested in other ETFs and ETP shares, including non-U.S. ETPs.