In a notable move, REX Shares, one of the leading innovative exchange-traded products (ETF) providers, has partnered with Osprey to apply for a new set of crypto-related ETFs. The list of targeted coins includes Bitcoin, Ethereum, XRP, SOL, DOGE, BONK, and even the meme coin TRUMP.
Each ETF is expected to invest at least 80% of its assets in its respective reference asset, which represents the portfolio diversification that REX Shares and Osprey are aiming for, in response to the growing demand from investors who want to gain exposure to a variety of cryptocurrencies.
Most notable is the TRUMP ETF, managed through its subsidiary REX-Osprey TRUMP. The launch of this ETF comes in the context of the TRUMP coin being a hot topic in the market, with a market capitalization that once peaked at $15 billion. Although it has since dropped to $7.8 billion, this coin still attracts great attention from the community.
The decisions of REX Shares and Osprey show the strong development of the cryptocurrency ETF market. The launch of new ETFs not only meets the needs of investors to diversify their investment portfolios but also contributes to the development of the cryptocurrency market in general. However, investors need to carefully consider the risks before deciding to invest in these products.
#etf #REX #TRUMP
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