XRP ETF BEGINS TRADING

Summary from the TLDR Crypto newsletter

The REX-Osprey XRP ETF (XRPR) began trading on Thursday as the first US exchange-traded fund offering spot exposure to XRP, alongside the simultaneous launch of their DOGE ETF (DOJE) under the ticker symbol DOJE. REX Shares and Osprey pursued compliance by registering under the Investment Company Act of 1940 rather than the Securities Act of 1933 pathway being used by competing firms like Bitwise, Canary, 21Shares, and WisdomTree, who are still awaiting SEC approval for their XRP ETF proposals. The launch follows the SEC's Wednesday approval of generic listing standards for crypto ETFs and comes amid a friendlier regulatory stance toward digital asset products, with dozens of proposals filed for various crypto ETFs from DOGE to LTC to SOL expected to receive approval in the coming weeks.