BREAKING: REX Shares Predicts SEC Approval for DOGE and XRP Spot ETFs Tomorrow
Wall Street's meme coin moment might finally arrive—REX Shares just dropped a bombshell prediction that could send shockwaves through crypto markets.
The Regulatory Countdown
Sources close to the ETF issuer claim the SEC has given silent approval signals for both DOGE and XRP products. No official comment from regulators yet—because when has the SEC ever moved at internet speed?
Market Implications
Approval would open floodgates for institutional money chasing the ultimate volatility play. Dogecoin—started as a joke—now potentially trading alongside SPY and QQQ. What could possibly go wrong?
Timing & Trading
If greenlit, trading could commence within 48 hours. Prepare for either a parabolic rally or the most spectacular rug pull in ETF history. Wall Street meets crypto culture—where fundamentals take a backseat to meme power.
Because nothing says 'serious financial innovation' like betting retirement funds on a Shiba Inu-themed asset.
Imminent Launch Of REX Shares’ DOGE And XRP ETFs?
In a post on social media platform X (formerly Twitter), REX Shares promoted the upcoming launch of the REX-Osprey XRP ETF, under the ticker symbol XRPR, and the REX-Osprey Doge ETF, designated as DOJE.
These ETFs can potentially be the first exchange-traded products that allow US investors to access dogecoin and XRP. This could open new avenues for retail and institutional investors and increase demand, which could further raise their prices.
Nate Geraci, co-founder of the ETF Institute, echoed REX Shares’ excitement, emphasizing the significance of these products. He declared, “First ever DOGE ETF, period. First XRP ETF offering spot XRP exposure.”
Crypto ETF Surge In Coming Months
Bloomberg ETF experts Eric Balchunas and James Seyffart have recently projected that REX-Osprey’s offerings could hit the market on Thursday, despite the SEC’s recent extension of decisions for other cryptocurrency ETFs.
The landscape for ETF approvals is further complicated by the delayed amendment for BlackRock’s ethereum staking application, which has also been postponed to October 30.
Balchunas attributes these delays to ongoing coordination between the SEC and exchanges like Cboe and NYSE regarding updated listing standards.
However, Balchunas anticipates that streamlined procedures, expected to be approved in October, could lead to a “flood of ETFs probably in a couple months,” significantly enhancing institutional adoption of cryptocurrency investments.
Despite the bold proclamation from REX Shares, the US SEC has yet to officially confirm the approval of these ETFs or any similar applications from other firms seeking to provide direct exposure to the spot prices of these digital assets.
Featured image from DALL-E, chart from TradingView.com
