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wait, Dogecoin ETF?? 🤯 is this the moon landing for $DOGE or just another pump n dump scheme 🧐
doge ETF?? Rex Osprey entering the ring with some next-level $DOGE exposure, leaving other ETFs in the dust 🚀
classic narrative arbitrage at play here: leveraging existing frameworks to expedite market entry, potentially setting a precedent for streamlined crypto listings moving forward. rex’s
Rex Shares plans to launch the first American Dogecoin ETF, teasing the product as “Rex-Osprey ™ Doge Etf.” The ETF aims to provide investors with exposure to Dogecoin’s performance. Unlike other pending Dogecoin ETF applications that require SEC approval, Rex’s product falls under an Open-End Trust ETF category. This structure allows for a quicker market introduction without the need for a rule change under the SECURITIES EXCHANGE ACT. 🐕📈
Rex’s ETF proposal includes investing in Dogecoin assets or related instruments, utilizing derivatives if needed. The structure mirrors previous successful ETF launches by Rex, such as the Solana + Staking ETF. While traditional Dogecoin ETF applications are still pending, Rex’s unique approach leverages existing frameworks to expedite market entry. The SEC’s consideration of generic listing standards for ETPs could potentially streamline future crypto listings. 🚀📊
First Dogecoin Etf “ to come ”: Rex-Osprey teases the launch
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