The first negotiated funds (ETF) Offer an exhibition to XRP and Dogecoin started to exchange in the United States on Thursday.
The products offered by REX actions and the funds of Fishermen Balbuzard listed on the CBOE BZX exchange under the TICKERS Doje and XRPR and follow Rex-Osprey Solana Etf, which made its debut in July. Doje was recently negotiated 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 DOGE directly. Instead, he will use a subsidiary based in the Cayman islands to obtain an exhibition through future and other derivatives.
Although XRPR is structured to contain XRP directly, he will also invest in ETF Spot from the outside of the United States to obtain an exhibition, wrote Bloomberg Intelligence James Seyffart analyst.
XRP, the native token of the XRP network of the Financial Payments Financial Network, and the same Doge are the third largest and eighth cryptographic token by market capitalization, according to Coindesk data.
Spot Crypto ETF made its debut in the United States. In January 2024 after many years of refusal and delays by the Securities and Exchange Commission (SECOND). Bitcoin The funds were approved first, followed a few months later by FNB offering an exposure to the point to ether (Eth).
The purchase of ETF shares offers exposure to assets without having to appropriate the underlying assets themselves. As such, ETF Crypto offer a direct exposure to cryptocurrencies without having to worry about storage, guard, etc., by making more practical and secure investment for institutional investors with a deep pocket.
