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Spot ETF Race Heats Up: Bitwise & Grayscale Launch XRP and DOGE Products Without SEC Green Light

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Abstract generation in progress

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:

  • Bitwise’s Solana ETF pulled in $56M on day one—this sets momentum for XRP
  • Government shutdown created regulatory vacuum; these firms are seizing it
  • New procedures mean faster product launches even amid uncertainty
  • Could unlock billions in fresh inflows to crypto ETFs in coming months

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.

XRP-0.05%
DOGE-0.47%
SOL0.11%
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