Dogecoin

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.
<a href="https://cointelegraph.com/news/us-approves-first-doge-etf" rel="noopener noreferrer nofollow">Cointelegraph previously reported</a> 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 (<a href="/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) 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.
<figure><img src="https://s3.cointelegraph.com/uploads/2025-09/01993538-3e27-72f0-bcb0-61e34c6b6ffc" title="" alt="REX-Osprey crypto ETFs to launch Friday barring SEC objection — Bloomberg analyst">
 <figcaption style="text-align: center;">Bloomberg ETF analyst James Seyffart says 92 crypto exchange-traded products are currently in the US pipeline. Source: <a href="https://x.com/JSeyff/status/1961171325374095552" rel="noopener noreferrer nofollow" target="https://x.com/JSeyff/status/1961171325374095552">James Seyffart</a>
 </figcaption>
</figure>
Related: <a href="https://cointelegraph.com/news/dogecoin-etf-crypto-embrace-speculation" rel="noopener noreferrer nofollow">Dogecoin ETF pushes crypto industry to embrace speculation</a>
<h2 id="sec-delays-decision-on-other-etfs">SEC delays decision on other ETFs</h2>
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 (<a href="/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>) within the funds. The agency also postponed decisions on applications for XRP (<a href="/xrp-price-index" rel="noopener noreferrer nofollow">XRP</a>) and Solana (<a href="/solana-price-index" rel="noopener noreferrer nofollow">SOL</a>) 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 <a href="https://cointelegraph.com/news/sec-pushes-back-decisions-bitwise-grayscale-crypto-etfs-november" rel="noopener noreferrer nofollow">Cointelegraph reported</a>.
<figure><img src="https://s3.cointelegraph.com/uploads/2025-09/01993552-c323-7219-a4a6-829ff1982fa5" title="" alt="REX-Osprey crypto ETFs to launch Friday barring SEC objection — Bloomberg analyst">
 <figcaption style="text-align: center;">Source: <a href="https://x.com/Cointelegraph/status/1965573592998916257" rel="noopener noreferrer nofollow" target="https://x.com/Cointelegraph/status/1965573592998916257">Cointelegraph</a>&nbsp;
 </figcaption>
</figure>
The delays come roughly a month after the SEC clarified that certain <a href="https://cointelegraph.com/news/sec-certain-liquid-staking-activities-securities-laws" rel="noopener noreferrer nofollow">liquid staking activities fall outside securities laws</a> and, therefore, beyond its oversight. In May, the agency also concluded that proof-of-stake blockchains, in and of themselves, <a href="https://cointelegraph.com/news/sec-says-protocol-staking-pos-blockchains-not-securities" rel="noopener noreferrer nofollow">do not constitute securities</a>.
Related: <a href="https://cointelegraph.com/news/how-to-legally-stake-crypto" rel="noopener noreferrer nofollow">How to legally stake crypto in 2025 under the SEC’s new rules</a>

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

Table of Contents

Cointelegraph

Other articles published on Sep 10, 2025

Join our free newsletter for daily crypto updates!