🚨 TRUMP Memecoin Slumps Despite ETF Speculation 🇺🇸📉
Despite fresh ETF rumors, the TRUMP token continues its downward spiral.
🔹 What’s Happening?
Tuttle Capital just filed an amendment aiming to set July 16 as the effective date for a new batch of 2x crypto/memecoin ETFs — including TRUMP, BONK, MELANIA, and others like $XRP, $SOL, $LTC, $BNB, $ADA, and $DOT.
Bloomberg analyst Eric Balchunas noted that while this filing doesn’t guarantee a launch, ETFs usually go live on their effective dates. The recent success of the Rex-Osprey SOL + Staking ETF ($SSK) seems to have given other issuers confidence.
🔐 Important Note:
These aren’t spot ETFs — they’re filed under the 1940 Investment Company Act and don’t directly hold crypto. For example, $SSK only gains indirect Solana exposure through other exchange-traded products.
🧠 Why It Matters
While the SEC hasn’t blocked these ETF filings, the bigger news is that it may be working on a crypto ETF listing framework — allowing issuers to skip lengthy approval steps if a token meets certain criteria. This could fast-track ETF launches for major tokens.
📉 TRUMP Token Reaction
Despite all the buzz, the TRUMP token is down over 6% this week and 22% over the last 30 days. Currently trading at ~$8.64, it’s nearly 88% below its $75 ATH. The memecoin sector is losing steam as attention shifts to altcoins and ETF narratives.
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✅ Bottom Line:
ETF filings bring legitimacy — but price action still depends on demand, not speculation. TRUMP’s ETF talk isn’t enough to reverse its sharp downtrend… yet.
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