Michaela
Osprey Funds and Rex Shares, both U.S.-based investment management firms, have officially filed with the U.S. Securities and Exchange Commission (SEC) to launch several cryptocurrency exchange-traded funds (ETFs), including ones focused on popular meme coins such as Dogecoin, Official Trump (TRUMP), and Bonk.
In their January 21 filing, the firms also proposed the launch of ETFs for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETHER), Solana (SOL), and XRP. These ETFs are structured to directly hold the underlying spot cryptocurrencies, in addition to related financial derivatives.
“The Fund, under normal market conditions, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the Reference Asset and other assets that provide exposure to the Reference Asset,” the filing stated.
The REX-Osprey TRUMP crypto ETF is set to become the first exchange-traded fund to include TRUMP, a meme coin that has gained attention due to its endorsement by U.S. President Donald Trump.
TRUMP crypto ETF has quickly gained a following since its launch in January 18, attracting attention for its connection to the current president.
Friendlier Regulations Open The Gates to ETFs
The crypto community is eagerly awaiting potential shifts in U.S. regulatory policy, as many anticipate that the new administration under President Trump may take a more favorable approach to crypto oversight.
Related: Strategy Sells $1.4B in Stock to Cover Bills Amid Bitcoin Slump
In 2024, asset management firms inundated regulators with a series of filings to launch ETFs focused on a range of altcoins, such as SOL, XRP, and Litecoin. This surge in filings marks a growing interest in diversifying cryptocurrency investment options.
With over a dozen cryptocurrency ETFs currently awaiting approval, the industry is poised for potential breakthroughs in the coming months as regulators prepare to review and potentially approve these innovative financial products.
Issuers are also waiting for approval on a variety of crypto index ETFs that would hold diversified collections of digital tokens, offering broader exposure to the market.
Related: The History of Altcoins: How Bitcoin’s Rivals Changed the Crypto Game
Meme Coins Going Mainstream
The growing trend of meme coins in the cryptocurrency market has sparked significant debate about their potential as mainstream investment vehicles. Initially regarded as a joke or novelty, meme coins have gained traction among both retail and institutional investors, shifting perceptions of their value and utility.
There has been a surge in interest, particularly from younger, risk-tolerant investors looking for quick gains. Notable endorsements, including from high-profile figures like Elon Musk, have further fueled this rise in popularity.
As the regulatory environment continues to evolve, the future of meme coins as investment vehicles will depend on how they are treated by regulators and integrated into broader financial markets. The introduction of meme coin ETFs could signal the beginning of a more formalized approach to these assets.
Read More
- Bitcoin and Ethereum Combo ETF to Lead Wave of Crypto Funds in 2025
- SEC Approves Bitcoin and Ether ETFs from Hashdex and Franklin Templeton
- Demand for Crypto ETFs Explodes, Pushing Crypto to Second Most Popular Asset Class
MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
