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Spot ETF Race Heats Up: Bitwise & Grayscale Launch XRP and DOGE Products Without SEC Green Light
Bitwise and Grayscale are moving fast on their XRP and Dogecoin spot ETFs despite SEC silence due to the US government shutdown.
The play: Both firms revealed fee structures (Bitwise XRP at 0.34%, Grayscale XRP/DOGE at 0.35%) and are listing without waiting for formal SEC approval. They’re using new SEC rules that allow automatic listing once S-1 registration statements are filed.
Why this matters:
The bigger picture: This reflects a shift where major issuers are navigating ambiguous rules to move products to market faster. If successful, it rewrites the playbook for crypto ETF launches—bypassing traditional delays.
XRP up 2.19%, DOGE steady. Market watching how SEC responds post-shutdown.