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Rex-Osprey Seeks Approval for 21 Cryptocurrency ETFs Including ADA and LINK

Rex-Osprey Seeks Approval for 21 Cryptocurrency ETFs Including ADA and LINK

REX Shares and Osprey Funds aim to expand the cryptocurrency ETF market with 21 applications for ETFs linked to digital assets such as SUI, BCH, and HYPE, as the SEC reviews multiple crypto-focused applications.

SOL
XRP
ADA

Fact Check
Multiple sources corroborate that REX Shares and Osprey Funds have jointly filed for 21 cryptocurrency ETFs. Source 14 (CoinGape) explicitly names both Cardano (ADA) and Chainlink (LINK) as being among the proposed ETFs, directly confirming all parts of the statement.
    Reference: 12
Summary

US investment firms REX Shares and Osprey Funds have filed applications with the SEC for 21 cryptocurrency ETFs, including funds linked to Sui (SUI), Bitcoin Cash (BCH), and Hype (HYPE). Additionally, Defiance ETFs has applied for leveraged cryptocurrency funds. The SEC is currently reviewing several high-profile crypto ETF applications for assets like Dogecoin (DOGE), XRP, Solana (SOL), and Cardano (ADA).

Terms & Concepts
  • Cryptocurrency ETF: An exchange-traded fund that tracks the price of one or more cryptocurrencies, allowing investors to gain exposure without directly holding digital assets.
  • Sui (SUI): A layer-1 blockchain designed to provide high throughput and low-latency for decentralized applications (dApps).
  • Bitcoin Cash (BCH): A cryptocurrency that is a fork of Bitcoin, designed to offer faster transaction speeds and lower fees for peer-to-peer transactions.