Exciting New Crypto ETFs Filed: Trump, BONK, Dogecoin, and Bitcoin Take Center Stage!

REX Shares Files for Groundbreaking Crypto ETFs

In a stunning move just a day after Gary Gensler's departure from the SEC, REX Shares has filed for a variety of crypto exchange traded funds (ETFs). This includes the first-ever funds for the newly launched TRUMP meme coin, alongside popular contenders like BONK and Dogecoin. Additionally, the filings aim to establish funds for Bitcoin, Ethereum, Solana, and XRP.

The Miami-based firm is known for its extensive range of exchange-traded products, including numerous crypto services via its affiliate, Osprey Funds. Among its offerings are leveraged funds for Bitcoin, Ethereum, and MicroStrategy, with over $8 billion in assets under management.

This recent filing marks REX's inaugural entry into the meme coin ETF space, potentially setting the stage for the first meme coin ETFs in the United States, following the recent shift in SEC leadership with Mark Uyeda stepping in as acting chair.

A New Era for Crypto ETFs

The filings come in the wake of significant developments in the cryptocurrency landscape, particularly with the approval of the first spot Bitcoin ETF in January 2024, followed by Ethereum ETFs later that year. Although there were attempts to file for Solana and XRP ETFs, these efforts did not gain traction. However, optimism is resurging with Donald Trump's inauguration as the 47th President of the United States, leading to a renewed hope for ETF approvals.

As expressed by a Core Contributor for BONK, the timing is ripe for pushing traditional investments into the crypto realm, enhancing accessibility for investors who may not engage with assets on-chain.

This move signifies a pivotal moment in the crypto industry as it seeks greater acceptance and integration within traditional financial markets.

Edited by Stacy Elliott.