The first funds quoted in exchange (ETF) Offering exhibition to XRP and Dogecoin Began to trade in the USA on Thursday.
The products offered by the REX shares and the funds of Águilas fishermen that appear in the CBOE BZX exchange under the Tickers Doje and XRPR and follow Rex-OSPREY SOLANA ETF, which debuted in July. Doje recently quoted at $ 26.90 and XRPR at $ 25.73.
Doje will differ slightly from similar products for other tokens, however, in the sense that it will not keep Dege directly. Instead, it will use a subsidiary based in the Cayman Islands to obtain exposure through futures and other derivatives.
While XRPR is structured to maintain XRP directly, it will also invest in ETF Spot from outside the United States to achieve the exhibition, Bloomberg intelligence analyst James Seyffart wrote in X.
XRP, the native token of the network of financial institutional payments focused on the main book XRP, and Memecoin Doge are the largest cryptographic tokens and the largest eighths for market capitalization, according to COINDESK data.
Spot Crypto ETFS debuted in the United States. In January 2024, after many years of rejections and delays by the Commission of Securities and Values (SECOND). Bitcoin The funds were approved first, followed a few months later by ETF that offer punctual exposure to the ether (Eth).
The purchase of ETFs shares offers exposure to assets without having to take possession of the underlying asset. As such, cryptographic ETF offers a means of direct exposure to cryptocurrencies without having to worry about storage, custody, etc., which makes them a more practical and safe investment medium for institutional pocket investors.
