๐จโผ๏ธETF Issuers Face Tough Choices in Uncertain Crypto Market ๐จ
Should #ETFs Stick to Top Coins or Take Risks on Memecoins? ๐จโผ๏ธ
Greg King (CEO, REX Financial) warns issuers to be selective, saying the crypto landscape gets shaky beyond the top 10โ20 coins.
While spot #Bitcoin ETFs sparked a wave of filings, he expects careful focus on major assets rather than an explosion of random funds.
๐ #REX Financial is awaiting approval for memecoin ETFs ($BONK , $TRUMP , $DOGE ) while already launching a #Solana ETF with staking rewards.
๐ King sees #Solanaโฉ as a real challenger to Ethereum in stablecoins, citing speed + scalability.
๐ Nine issuersโincluding Fidelity, VanEck, and #Grayscale โhave filed for a Solana ETF, with approval expected by October.
๐ก Solanaโs rise in ETFs could reshape the stablecoin landscape.