China Asset Management: We will continue to launch more tokenized fund products in the future and promote the secondary circulation of tokenized funds on compliant platforms

The post XRPR and DOJE ETFs debut on American Cboe exchange appeared on BitcoinEthereumNews.com. Today is a historical milestone for two of the biggest cryptocurrencies, XRP and Dogecoin. REX-Osprey announced the official listing of two spot exchange-traded funds (ETFs) that track the price of XRP and Dogecoin in the United States. The new crypto funds are available for US investors on the Cboe BZX Exchange. The REX-Osprey XRP ETF is trading with ticker XRPR, while the DOGE ETF is listed with ticker DOJE. The first XRP and DOGE ETFs were listed today, and they provide direct spot exposure to Dogecoin and XRP. XRPR and DOJE are gates to crypto exposure XRPR provides exposure to XRP, the native token of the XRP Ledger, which is a blockchain that enables fast and low-cost cross-border transactions. DOJE, on the other hand, is the first-ever Dogecoin ETF. It offers investors regulated access to the first memecoin that built global recognition through its Shiba Inu mascot and active online community. Both funds use a structure under the Investment Company Act of 1940, which governs open-end mutual funds and ETFs in the US. This law was designed to protect investors from fraud, conflicts of interest, and poor oversight. This route gives investors the protections of a regulated open-end ETF. Each fund will hold a majority of its assets in spot XRP or DOGE, while also investing at least 40% in other crypto ETFs and ETPs, including those traded outside the United States. According to the SEC filing, XRPR charges an expense ratio of 0.75%, while DOJE charges 1.50%. The funds may also use a Cayman Islands subsidiary to buy crypto directly. This setup copies REX-Osprey’s Solana + Staking ETF (SSK), which launched in July and quickly grew past $275 million in assets. Greg King, the CEO and founder of REX Financial and Osprey Funds, said, “Investors look to ETFs as…

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The post Outlook remains cautious – TD Securities appeared on BitcoinEthereumNews.com. TD Securities analysts anticipate that the Bank of England’s Monetary Policy