Dogecoin and XRP ETFs are expected to debut this week under a unique RIC structure, expanding crypto fund options beyond traditional spot products.
The REX-Osprey Dogecoin ETF (DOJE) and the REX-Osprey XRP ETF (XRPR) are highly likely to debut in the coming days, with both funds targeting launches this week.
Bloomberg ETF analyst Eric Balchunas said DOJE was slated for a Thursday launch, while REX indicated XRPR would go live later in the week.
This story is an excerpt from the Unchained Daily newsletter.
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It is worth noting that these ETFs will be launched under a different structure from traditional spot crypto ETFs. REX employs a registered investment company (RIC) framework, which operates under the Investment Company Act of 1940.
This structure allows the fund to blend spot crypto holdings with flexibility to use derivatives and to invest in other ETFs, and also differs in their tax treatment and investor return distribution.
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