Immediately after Gary Gensler left his position as SEC Chairman, REX Shares quickly filed for a series of crypto ETF funds, including prominent meme coins like TRUMP, BONK, and Dogecoin, alongside major coins like Bitcoin, Ethereum, Solana, and XRP.



Important Highlights


• #RexShares , a company in Miami, has become well-known for its exchange-traded products (ETPs) and crypto funds through its sister company Osprey Funds, which currently manages over $8 billion in assets.


• The recently submitted application marks the first time a meme coin ETF has been proposed in the U.S., opening new opportunities for investors in humorous yet promising assets.



A Hopeful Context


• After Mark Uyeda, a crypto supporter, temporarily took charge at #SEC , the market has taken a more optimistic view on the approval of new ETF funds.


• In 2024, the first spot Bitcoin ETFs in the U.S. were approved, followed by Ethereum in May. However, proposals for Solana and XRP have yet to be approved.



The Importance of Meme Coin ETFs


• The inclusion of meme coins like TRUMP, BONK, and Dogecoin in the ETF will make these assets more accessible to traditional investors, rather than just trading on complex blockchain platforms.


• Nom, a core developer of Bonk, believes this is the right time to promote traditional financial products for crypto. This makes it easier for investors unfamiliar with blockchain technology to access.



The Future of ETFs Under the Trump Administration



The change in administration and crypto-friendly leaders has breathed new life into the market, especially in promoting financial products like ETFs.


• This event is not only a milestone for meme coins but also represents a new trend: crypto is not just a speculative asset, but is gradually becoming a traditional investment choice.



Conclusion



The submission of meme coin ETFs by REX Shares is a clear sign of a shift in the perception of crypto in the U.S. If approved, this will be a major turning point helping meme coins step out of the 'playful world' and become mainstream financial assets. #anhbacong