REX Shares and Osprey Funds have submitted registration documents to the U.S. Securities and Exchange Commission (SEC) for 21 new exchange-traded funds (ETFs) focused on a range of altcoins. All proposed products are spot ETFs, allowing investors to directly invest in crypto assets such as AAVE, UNI, XLM, and others.
This is reported by Business • Media
Structure of the New Cryptocurrency ETFs
All funds are created in accordance with the Company Act of 1940, which allows for applications to be considered through a streamlined process. The same mechanism was used by the company to launch its previous products, including spot ETFs based on Solana and XRP. This approach significantly reduces the review time for new SEC applications, especially considering the updated framework that the regulator presented in September 2025.
Expert Expectations and Market Trends
The activity of REX Shares and Osprey Funds has prompted other ETF providers to submit their own applications. According to ETF analyst and president of NovaDius Wealth Management Nate Geraci, the number of applications for cryptocurrency ETFs is rapidly increasing, even encompassing mixed funds.
“In the coming months, applications for the creation of all possible cryptocurrency ETFs will be submitted to the SEC. You can’t even imagine what awaits you,” he concluded.
Previously, Bloomberg Intelligence analyst Eric Balchunas emphasized that with the new rules, the likelihood of approval for spot ETFs on crypto assets is nearly 100%.