REX-Osprey crypto ETFs to launch Friday barring SEC objection — Bloomberg analyst

New batches of cryptocurrency exchange-traded funds (ETFs) from REX and Osprey have cleared the US Securities and Exchange Commission’s (SEC) 75-day review window and are expected to begin trading by Friday, according to Bloomberg Intelligence analyst Eric Balchunas.

“Post-effective means that it’s going to launch, basically,” Balchunas told Cointelegraph in a phone interview, referring to the lineup that includes the REX-Osprey Bonk ETF, Trump ETF, Bitcoin ETF, $XRP ETF and Doge ETF.

Cointelegraph previously reported that the Doge ETF was slated to debut on Thursday, with timing determined by its structure under the Investment Company Act of 1940. Unlike products filed under the Securities Act of 1933 — which was used to approve spot Bitcoin (BTC) ETFs last year — 1940 Act funds face a simpler path to market.

“This is a ‘40 Act, which doesn’t directly invest fully in spot,” Balchunas said. “So long as the SEC doesn’t say anything, you can let it launch 75 days after filing.”

Unless the SEC raises a last-minute objection, the funds are set to list this week, Balchunas said.

Most US ETFs are organized under the ’40 Act, functioning as open-end investment companies that can hold securities such as futures-based funds. By contrast, ’33 Act ETFs are typically used for physically backed commodities, including spot Bitcoin and gold products.

Bloomberg ETF analyst James Seyffart says 92 crypto exchange-traded products are currently in the US pipeline. Source: James Seyffart

Related: Dogecoin ETF pushes crypto industry to embrace speculation

SEC delays decision on other ETFs

While the REX-Osprey funds remain on track to launch this week, the SEC has delayed rulings on several high-profile ETF applications from Franklin Templeton, BlackRock and Fidelity.

In notices published on Wednesday, the SEC said it needs additional time to evaluate proposals that include allowing staking for Ether (ETH) within the funds. The agency also postponed decisions on applications for $XRP ($XRP) and Solana (SOL) ETFs.

Earlier this week, the SEC pushed back its decisions on Bitwise’s proposed Dogecoin ETF and Grayscale’s Hedera ETF, setting a new deadline of Nov. 12, as Cointelegraph reported.

Source: Cointelegraph

The delays come roughly a month after the SEC clarified that certain liquid staking activities fall outside securities laws and, therefore, beyond its oversight. In May, the agency also concluded that proof-of-stake blockchains, in and of themselves, do not constitute securities.

Related: How to legally stake crypto in 2025 under the SEC’s new rules