The $TRUMP memecoin, themed around former President Donald Trump, continues to face significant price pressure—even as optimism rises over the potential launch of cryptocurrency exchange-traded funds (ETFs), including one tied to the token.
ETF Speculation Grows Following Tuttle Capital Filing
Investment firm Tuttle Capital Management recently filed an amendment proposing a new effective date—July 16—for its suite of leveraged ETFs focused on cryptocurrencies and memecoins. The move has fueled speculation that a #TRUMP token ETF could be on the horizon. However, the token’s market performance remains lackluster despite this development.
Bloomberg ETF analyst Eric Balchunas commented on the filing, describing it as a possible indication of an impending ETF launch. While a new effective date often precedes a rollout, it does not guarantee one, Balchunas cautioned.
The amendment impacts multiple altcoins and memecoins, including $BONK , $MELANIA , XRP, Solana, Litecoin, BNB, Cardano, and Polkadot. Notably, the Rex Shares–Osprey Solana ETF has already launched, potentially encouraging other issuers to follow suit.
Indirect Exposure Through 1940 Act Structures
Unlike spot ETFs that hold cryptocurrencies directly, the proposed funds will be structured under the 1940 Investment Company Act. This means they offer indirect exposure—such as investments in products related to Solana, rather than the tokens themselves. The SEC’s lack of objection to these filings has been interpreted as a favorable signal for future crypto ETF products.
Momentum Builds for Broader Crypto ETF Approval
The recent approval of the Grayscale Digital Large Cap (GDLC) fund’s conversion into an ETF, which includes Bitcoin, Ethereum, Solana, #XRP , and Cardano, further supports the case for broader multi-asset crypto ETFs.
Meanwhile, crypto journalist Eleanor Terrett reports that the SEC is working on standardized listing requirements for crypto-based ETFs. Should these standards be finalized, eligible token-based ETFs may bypass the lengthy approval process by filing Form S-1, waiting the standard 75-day period, and then listing.
TRUMP Token Price Continues to Decline
Despite the buzz surrounding potential ETF launches, the TRUMP token has seen a continued decline. The token is down over 6% in the past week and more than 22% over the past 30 days. From its all-time high of over $75, TRUMP has now lost over 88% of its value, currently trading near $8.64.
Investor interest in the memecoin sector appears to be waning, with broader market momentum shifting toward more established assets and regulated investment products.
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