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Crypto Market Update: New Cryptocurrency ETFs About to Launch After Quick SEC Review
Key Points
Looks like we're about to see new crypto ETFs from REX Shares and Osprey Funds hit the market. They made it through the SEC's 75-day review window. Trading should start by Friday, October 3, 2025.
These funds cover Bitcoin, XRP, Dogecoin, Bonk, and even Trump token. Pretty diverse lineup.
They're among the first multi-asset crypto funds using the Investment Company Act of 1940 structure.
Bloomberg's Eric Balchunas says they're good to go. Unless the SEC throws a last-minute curveball.
REX-Osprey ETFs Ready to Roll
The REX-Osprey crypto ETF collection is almost here. Market debut expected October 3rd.
The lineup:
"Filed under the Investment Company Act of 1940," Balchunas pointed out. Makes approval easier than those '33 Act ETFs. No objections came up during review. Green light.
Different Rules for Different ETFs
Most ETFs in America use the 1940 Act framework. They work as investment companies holding securities or futures.
The 1933 Act ETFs? Different beast. They're for physically backed stuff like spot Bitcoin or gold.
Take the Dogecoin ETF. It gets exposure through some Cayman Islands subsidiary and derivatives. Not direct Dogecoin holdings. Kind of a workaround, seems like.
SEC Kicking Other Decisions Down the Road
While REX-Osprey moves ahead, other ETF applications are stuck in limbo. SEC's taking its time.
Delayed decisions include:
New deadline? November 16. Not entirely clear why these need more time.
The delays feel strange since the SEC recently clarified that proof-of-stake blockchains aren't automatically securities. You'd think that would speed things up.
What It Means
This REX-Osprey launch is a big deal. First major multi-asset crypto ETF suite under the '40 Act rules.
The new approval process implemented this year cuts review time to 75 days. Way faster than the old 270-day wait.
Unless something weird happens, these ETFs will pioneer regulated multi-crypto exposure in America. Might make crypto more accessible to everyday investors and institutions.
But who knows how they'll perform? We'll find out soon enough.