REX to Launch DOGE Spot ETF: Investment Company Act Facilitates Expansion

REX is poised to launch a Dogecoin (DOGE) spot exchange-traded fund (ETF) next week, utilizing the provisions of the Investment Company Act of 1940. BlockBeats reports that REX’s prospectus outlines this move, further hinting at potential for future ETFs focusing on TRUMP, XRP, and BONK. 1. The act allows investment funds to establish subsidiaries in jurisdictions like the Cayman Islands, thereby expanding their investment exposure to assets without directly breaching regulations.