A potential ETF for the Trump-themed memecoin hasn't stopped its price from falling significantly. Still, hopes are rising for broader acceptance of crypto ETFs.
Investment firm Tuttle Capital recently filed an amendment proposing to change the effective date of its leveraged ETFs focused on cryptocurrencies and memecoins to July 16. The update immediately sparked speculation that TRUMP, the official memecoin of President Donald Trump, could soon receive its own ETF product. Nevertheless, the token’s price continues to decline.
🚀 ETF Hopes Rise Despite TRUMP Token's Poor Performance
Bloomberg ETF analyst Eric Balchunas called the Tuttle Capital filing a possible sign of an upcoming launch. He noted, however, that a new effective date doesn't guarantee an ETF will go live—though it often does.
The changes affect not only the TRUMP token but also other altcoins and memecoins, including BONK, MELANIA, XRP, Solana, Litecoin, BNB, Cardano, and Polkadot. Balchunas also pointed out that the first of these ETFs—Rex-Osprey SOL ETF—has already launched, likely boosting the confidence of other issuers.
🧩 Indirect Exposure Instead of Direct Crypto Holdings
Unlike spot ETFs that hold cryptocurrencies directly, these new funds are structured under the 1940 Investment Company Act, meaning their crypto exposure is indirect. For example, Solana-focused ETFs invest through other Solana-related products instead of purchasing the tokens themselves.
Still, the fact that the SEC hasn’t objected to these proposals is seen as a positive signal, especially as the market awaits approval for full spot crypto ETFs.
📈 Multi-Asset ETFs and New Guidelines in Progress
The SEC has already approved the conversion of the Grayscale Digital Large Cap (GDLC) fund into an ETF, which includes Bitcoin, Ethereum, Solana, XRP, and Cardano. This strengthens expectations that other multi-asset spot ETFs might soon follow.
At the same time, crypto journalist Eleanor Terrett reported that the SEC is working on setting standardized listing criteria for crypto-based ETFs. If a token meets these standards, issuers might skip the lengthy approval process and simply file Form S-1, wait 75 days, and list the fund.
📉 TRUMP Memecoin Keeps Falling Despite ETF Speculation
Despite the ETF buzz, the price of the TRUMP token continues to slide. Over the past 24 hours, it has declined further, extending a broader downtrend—over 6% in the past week and more than 22% over the past 30 days.
From an all-time high above $75, TRUMP has now lost more than 88% of its value and is trading around $8.64. There are no clear signs of recovery, especially as the memecoin sector continues to lose momentum and investor attention shifts elsewhere.
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