REX Shares and Osprey Funds have requested the U.S. Securities and Trade Fee (SEC) to approve exchange-traded funds (ETFs) based mostly on three digital belongings: the brand new TRUMP coin, Dogecoin (DOGE), and Bonk Inu (BONK). These ETFs would give buyers a option to spend money on these cryptocurrencies by means of a extra conventional funding product.
The Submitting Particulars
REX Shares and Osprey Funds have filed with the SEC to launch 7 new ETFs, together with ones linked to TRUMP, DOGE, and BONK. These funds would permit buyers to spend money on these digital belongings by holding a mixture of cryptocurrencies and safer cash-like investments.
The funds will likely be managed by means of a subsidiary referred to as the REX-Osprey™ TRUMP (Cayman) Portfolio S.P., based mostly within the Cayman Islands. This setup helps meet the foundations wanted to create an everyday funding product linked to cryptocurrencies.
The subsidiary will hold not more than 25% of the whole cash in cryptocurrency. The remainder, 75%, will likely be invested in safer choices like U.S. authorities bonds, cash market funds, and different protected money investments. This setup helps cut back the chance of the funds whereas nonetheless giving buyers an opportunity to profit from the expansion of digital currencies.
The $TRUMP Coin
One of the crucial talked-about digital belongings on this submitting is the $TRUMP coin. Launched on January 18, 2025, this new cryptocurrency has been gaining consideration resulting from its reference to President Donald Trump. The $TRUMP coin was launched to capitalize on Trump’s giant fanbase and help from the conservative aspect of the U.S. political spectrum.
Upon its launch, the $TRUMP coin noticed dramatic worth fluctuations. On the very first day of buying and selling, the coin’s worth soared from roughly $1 to as excessive as $74 earlier than settling at round $40 by January 22. With this worth, the $TRUMP coin achieved a market capitalization of roughly $10 billion. This unbelievable progress in such a short while exhibits the robust market curiosity surrounding this token, regardless of its volatility.
Learn Extra: 1 in 7 People Have Purchased Trump Memecoin.
Dogecoin (DOGE) and Bonk Inu (BONK)
Dogecoin, also known as the “meme coin”, has been round since 2013. Initially created as a joke, Dogecoin has grown to grow to be probably the most in style and widely known cryptocurrencies. It gained important consideration in recent times resulting from endorsements from high-profile figures like Elon Musk.
Bonk Inu (BONK) is a comparatively new token, but it surely has gained reputation within the cryptocurrency neighborhood. BONK is much like Dogecoin in that it falls beneath the class of “meme coins”, typically used for leisure, social media traits, and light-hearted initiatives.
What Are ETFs?
Trade-traded funds (ETFs) are monetary merchandise that allow individuals purchase and promote shares of a fund on the inventory market. These funds normally observe the worth of one thing like shares, commodities, or cryptocurrencies. Once you spend money on an ETF, you aren’t instantly proudly owning the asset, however you possibly can nonetheless profit from its worth modifications.
Remaining Ideas
REX Shares and Osprey Funds have filed to launch ETFs which are linked to TRUMP, DOGE, and BONK, which is a vital step for the cryptocurrency market. If the SEC approves these ETFs, they are going to give buyers a brand new option to spend money on these in style digital belongings by means of a regulated monetary product.
Though we don’t know but what the SEC will determine, the rising curiosity in cryptocurrencies and their acceptance in conventional monetary markets counsel that crypto ETFs may grow to be a standard funding choice sooner or later.
