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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Ronaldo Marquez
Ronaldo Marquez
10 minutes ago
2 mins read
REX Shares

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US-based REX Shares has stirred significant anticipation in the crypto community by announcing the launch of its Dogecoin (DOGE) and XRP exchange-traded funds (ETFs) on September 18. 

Imminent Launch Of REX Shares’ DOGE And XRP ETFs?

In a post on social media platform X (formerly Twitter), REX Shares promoted the upcoming launch of the REX-Osprey XRP ETF, under the ticker symbol XRPR, and the REX-Osprey DOGE ETF, designated as DOJE. 

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These ETFs can potentially be the first exchange-traded products that allow US investors to access Dogecoin and XRP. This could open new avenues for retail and institutional investors and increase demand, which could further raise their prices.

Nate Geraci, co-founder of the ETF Institute, echoed REX Shares’ excitement, emphasizing the significance of these products. He declared, “First ever DOGE ETF, period. First XRP ETF offering spot XRP exposure.” 

Crypto ETF Surge In Coming Months

Bloomberg ETF experts Eric Balchunas and James Seyffart have recently projected that REX-Osprey’s offerings could hit the market on Thursday, despite the SEC’s recent extension of decisions for other cryptocurrency ETFs. 

The landscape for ETF approvals is further complicated by the delayed amendment for BlackRock’s Ethereum staking application, which has also been postponed to October 30. 

Balchunas attributes these delays to ongoing coordination between the SEC and exchanges like Cboe and NYSE regarding updated listing standards. 

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However, Balchunas anticipates that streamlined procedures, expected to be approved in October, could lead to a “flood of ETFs probably in a couple months,” significantly enhancing institutional adoption of cryptocurrency investments.

Despite the bold proclamation from REX Shares, the US SEC has yet to officially confirm the approval of these ETFs or any similar applications from other firms seeking to provide direct exposure to the spot prices of these digital assets.

REX Shares
The daily chart shows XRP’s consolidation above $3. Source: XRPUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

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Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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