Ripple price crossed the $3.10 mark on Thursday, Sept. 18, trading at its highest for the week. The widely anticipated Fed rate cut on Wednesday and Rex Shares’ official launch of XRP ETF products form a major bullish catalyst behind XRP’s 5% price gains over the past week. However, the latest trends in derivatives trading metrics suggest a much larger market impact could follow. On Thursday, US-based asset manager Rex Osprey announced the first U.S.-issued ETFs to offer exposure to Spot Dogecoin and Spot ...

Crypto ETFs filings may have found a fast track. | Credit: Michael M. Santiago/Getty Images. Key Takeaways REX-Osprey will be the first to launch a ‘spot’ Ripple ETF. The 1940 Act allows for an expedited approval window of 75 days instead of 240 days under the Securities Act of 1933. The XRPR ETF will be comprised of 80% XRP and 20% cash, treasuries, and derivatives. The Investment Company Act of 1940, otherwise known as the ’40 Act, was designed to minimize self-dealing, fraud, and mismanagement, ...