U.S. asset managers Osprey Funds and Rex Shares have filed with the SEC to launch cryptocurrency exchange-traded funds (ETFs), including one focused on the new TRUMP coin. Launched on January 18, 2025, the TRUMP coin quickly gained popularity, reaching a valuation of $80 billion before settling at around $42 billion. The proposed TRUMP ETF would invest at least 80% of its assets in this coin and related financial products, offering institutional investors a way to engage with this highly speculative asset. The filing also includes ETFs for major cryptocurrencies like Bitcoin and Ethereum, as well as memecoins like Dogecoin. However, regulatory approval remains uncertain as the SEC continues to evaluate the potential risks involved.
U.S. Asset Managers Release Filings for TRUMP and Cryptocurrency ETFs
Recently, Osprey Funds and Rex Shares submitted filings to the U.S. Securities and Exchange Commission (SEC) to launch a range of new cryptocurrency exchange-traded funds (ETFs). Notably, among the proposed funds is one based on the newly created TRUMP coin, which has sparked significant interest since its debut on January 18, 2025. This filing, made public on January 21, also includes ETFs for major cryptocurrencies like Bitcoin, Ethereum, and Solana, as well as popular memecoins such as Dogecoin and Bonk.
The TRUMP coin, connected to Donald Trump, saw a meteoric rise shortly after its launch, hitting a valuation of $80 billion before stabilizing at around $42 billion. This rapid change in value, combined with its political associations, has made it a hot topic. The coin’s launch led to congestion on the Solana blockchain due to heavy trading activity.
The proposed TRUMP ETF would mark an unprecedented move, offering institutional investors a structured way to invest in a memecoin. The fund plans to allocate at least 80% of its assets to the TRUMP coin and related financial products. Although memecoins like TRUMP can be highly volatile, this approach could open new avenues for investors interested in the evolving digital currency landscape.
In addition to the TRUMP coin ETF, the filings outline additional proposals for funds focused on well-known cryptocurrencies like Bitcoin and Ethereum, alongside popular memecoins. While this reflects a growing interest in cryptocurrency ETFs, regulatory approval remains uncertain. Past SEC leadership has displayed caution regarding cryptocurrency ETFs, raising concerns. However, changing political dynamics, particularly President Trump’s vision of making the U.S. the “crypto capital,” might result in a more favorable regulatory environment.
The submissions from Osprey Funds and Rex Shares are part of a larger trend, as many cryptocurrency ETFs are currently under SEC review. While established cryptocurrencies have gained approval, memecoin ETFs like the TRUMP fund face uphill battles with regulators. The SEC is still determining the implications and risks associated with such investments.
As the cryptocurrency Market expands, the fate of these ETF filings will shed light on how the SEC plans to approach crypto regulation in the future. With the volatility of memecoins, both investors and regulators will need to navigate challenges as they adapt to this fast-changing financial landscape.
Tags: Cryptocurrency ETFs, TRUMP coin, SEC filings, Bitcoin, Dogecoin, Solana, Osprey Funds, Rex Shares
What are cryptocurrency ETFs?
Cryptocurrency ETFs are exchange-traded funds that allow investors to buy shares that represent a collection of cryptocurrencies. They provide a way to invest in digital currencies like Bitcoin, Dogecoin, and Solana without having to buy them directly.
Why are asset managers submitting filings for TRUMP, DOGE, and Solana ETFs?
Asset managers are filing for these ETFs to meet growing investor interest in cryptocurrencies. With options like TRUMP and DOGE, they aim to capture the appeal of these popular currencies and offer new investment opportunities.
How do I invest in cryptocurrency ETFs?
To invest in cryptocurrency ETFs, you’ll need a brokerage account. You can buy shares just like you would with regular stocks. This makes it easier for people to invest in cryptocurrencies without needing to handle them directly.
What are the risks of investing in cryptocurrency ETFs?
Like all investments, cryptocurrency ETFs come with risks. The prices of cryptocurrencies can be very volatile, meaning they can go up or down quickly. It’s important to do your research and understand the risks before investing.
When will the TRUMP, DOGE, and Solana ETFs be available?
The availability of these ETFs will depend on regulatory approvals. Asset managers will need to wait for the U.S. Securities and Exchange Commission to approve their filings before they can be offered to investors. Stay updated through financial news for the latest information.
