Summary
- Eric Balchunas said that spot ETFs for Dogecoin (DOGE) and XRP (XRP) are expected to launch on the 18th.
- He said the ETF will be launched under the 'Investment Company Act of 1940 (40 Act).'
- He said that adopting the 40 Act approach allows for a faster launch compared to SEC procedures.
On the 18th (local time), spot exchange-traded funds (ETFs) for Dogecoin (DOGE) and XRP (XRP) are scheduled to launch.
On the 16th (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "On the 18th, the Dogecoin ETF DOJE and the XRP spot ETF XRPR are scheduled to launch."
Both ETFs will be launched under the Investment Company Act of 1940 (40 Act). Generally, crypto ETF issuers must file S-1 and 19b-4 documents with the SEC, but choosing the 40 Act route allows for a faster launch.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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