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 The Dogecoin spot ETF (code: DOJE) and Ripple (XRP) spot ETF (code: XRPR) jointly launched by REX Shares and Osprey Funds have been officially launched. The trading volume of these two ETFs on the first day was outstanding, far exceeding market expectations. On the evening of September 18th, Taiwan time, the Dogecoin spot ETF (code: DOJE) and Ripple (XRP) spot ETF (code: XRPR) jointly launched by REX Shares and Osprey Funds were officially listed for trading on the Chicago Board Options Exchange (CBOE) in the United States. This is the first time that ETFs for Dogecoin and Ripple have been launched in the U.S. market. Opening performance exceeded expectationsAccording to data shared by Bloomberg analyst Eric Balchunas on the
 What are DOJE and XRPR?DOJE and XRPR are innovative financial products launched by REX-Osprey, which aim to allow investors to directly participate in Dogecoin and Ripple investments through traditional brokerage accounts, without the need to manage their own cryptocurrency wallets or open accounts on crypto exchanges. Both ETFs adopt the 1940 Investment Company Act (1940 Act) framework and hold at least 80% of entities DOGE or XRP through Cayman Islands subsidiaries. The remainder may be invested in other related ETFs, exchange-traded products (ETPs) or a small amount of derivatives (such as futures) to enhance liquidity and manage risks. However, it is worth noting that DOJE and XRPR are not "pure spot" ETFs. While at least 80% of assets are directly held in Dogecoin or Ripple, up to 20% of assets may be allocated in other related ETPs or derivatives, which is different from pure spot ETFs (such as Bitcoin spot ETFs) that fully hold the underlying assets. While this structure helps comply with regulatory requirements and reduce operational risk, it may cause price tracking to deviate slightly from the actual cryptocurrency. Brothers, if you feel desperate or confused in the current currency circle, I hope this article of mine can help you! The bull market is still here, and now is the golden period for planning. Scan the QR code below to follow our footsteps and seize the wealth code together, welcome the upcoming bull market, and realize our dream of wealth and freedom together! Group content: 1. Seize the opportunity to build a position in the next three months, lead everyone to transcend social strata, and gain the opportunity to gain wealth! 2. Share the short-term band opportunities and long-term investment strategies of altcoin spot to help you make steady profits! Welcome to chat with me privately → WeChat: sui3786, backup: 3073259620, scan the code below!  |
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