Rex Shares has filed for several meme coin ETFs, including TRUMP, BONK, and DOGE. The firm is also attempting to begin offering several more conventional crypto ETFs, such as Bitcoin and Ethereum.

The crypto community has debated the practicality of meme coin ETFs, and it’s unclear how the SEC will react.

Could Rex Share Create Meme Coin ETFs?

Now that former Chair Gary Gensler has left the SEC, it’s looking like an open season for new crypto ETFs. A wave of altcoin ETF applications began last Friday, but Trump’s inauguration has kicked the process into overdrive.

Today, ETF analyst James Seyffart noted that Rex Shares filed a broad array of meme coin ETFs despite offering no products beforehand.

“That was fast. Rex Shares and Osprey have filed for a bunch of crypto ETFs including meme coins TRUMP, BONK, and DOGE. Also includes ETFs for Bitcoin, Ether, Solana, and XRP. Notably, these products [will] hold a combo of derivatives, the assets, and a subsidiary. This looks similar to a playbook issuers use in the commodity ETF world,” Seyffart said.

Before this sweeping set of regulatory changes, Rex Shares had little connection with the crypto ETF world. It proposed a Bitcoin Corporate Treasury Convertible Bond ETF in late December, but otherwise, has not offered any products.

However, the SEC’s changing regulatory stance has created optimism for digital assets to become more integrated into the retail market. Earlier today, the SEC formally created a Crypto Task Force to bring more regulatory clarity to the industry.

These transformative initiatives could very well open doors for different crypto ETF products. There are already rumors about Go to Source to See Full Article
Author: Landon Manning