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A surge of ETF filings, together with for meme cash Dogecoin, Bonk, and Official Trump, has adopted the departure of Gary Gensler as Chair of the Securities and Alternate Fee (SEC).
The inflow in crypto ETF filings follows pro-crypto US President Donald Trump’s inauguration on Jan. 20 and his appointment of Commissioner Mark Uyeda as appearing SEC Chair.
REX Shares And Osprey Submit A number of Crypto ETF Functions
Among the many crypto ETF filings seen since Gensler stepped down on Jan. 20 are purposes submitted from asset managers REX Shares and Osprey. The corporations wish to launch funding merchandise for distinguished cryptos reminiscent of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP, in addition to for meme cash DOGE, BONK and TRUMP.
If permitted, the TRUMP ETF would be the first funding product of its sort to offer buyers publicity to the President’s new token.
BTC And ETH ETF Suppliers Look To Increase Their Providing
Along with the submitting from REX Shares and Osprey, there have additionally been a number of different ETF filings submitted from different respected funding corporations. Bloomberg ETF analyst James Seyffart shared a full checklist of all of the crypto ETF filings that he’s conscious of in a Jan. 21 X publish.
The filings embody submissions by Hashdex, Franklin, Grayscale, Bitwise, VanEck, 21Shares and others. Many of those corporations launched comparable funding merchandise for BTC and ETH final 12 months.
Meme Index Will Supply Traders Diversified Meme Coin Investing
Whereas asset managers rush to file their very own ETFs for a wide selection of cryptos, buyers who wish to achieve diversified publicity to meme cash may additionally need to try Meme Index (MEMEX).
At the moment within the presale stage, the venture’s native token permits buyers to purchase into 4 funding baskets which have totally different risk-reward profiles.
Every of Meme Index’s meme coin baskets contains a number of tokens, and are adjusted frequently by means of governance votes that any MEMEX holder can take part in. The venture basically permits MEMEX buyers to purchase into a number of meme cash by means of one token it doesn’t matter what their danger urge for food is.
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