Rex-Osprey Files ETFs for $TRUMP, $BONK, and $DOGE

ETFs have garnered much attention lately, and Rex-Osprey is fueling the fire. They’ve filed for a series of ETFs (Exchange-Traded Funds), including President Trump’s official token, $TRUMP, and popular meme coins like $BONK and $DOGE.

But what’s going on here, and why does it matter? These ETFs are to make investing in these tokens easier and more accessible to everyone.

The excitement around $TRUMP and Memecoin ETFs

Trump’s new meme coin, $TRUMP, launched on the Solana blockchain. The token’s value skyrocketed before settling around $39,044—down from a peak of $79 over the weekend. Despite the volatility, the token’s launch grabbed headlines, and now it’s the centerpiece of a new ETF proposal.

A recent securities filing revealed that the Rex-Osprey Trump ETF plans to gain exposure to $TRUMP through a Cayman Islands subsidiary. This investment structure follows the tax reporting and investment procedures established by commodity ETF professionals.

The plan extends beyond $TRUMP into several other areas. Rex-Osprey presented investment options in Bitcoin, Ethereum, Solana, XRP, BONK, and DOGE. These funds let investors access cryptocurrency while benefiting from portfolio choices and precise financial data.

Why ETFs Matter for Crypto

ETFs make it easier for everyday investors to gain cryptocurrency exposure without buying or managing tokens. Using an ETF, you can invest in assets like $TRUMP or $DOGE while the fund handles the complex backend.

What makes these new ETFs stand out is their structure. Rex-Osprey’s ETFs will use a “non-diversified” model under the 1940 Investment Company Act. This gives the fund flexibility in its investments, such as holding up to 25% of its assets in its Cayman subsidiary while allocating the rest to secure cash options like U.S. Treasuries.

A Bigger Crypto Trend

Rex-Osprey isn’t the only one pushing crypto ETFs. After Gary Gensler left as SEC Chair, more than 33 applications for crypto ETFs entered the review process. Experts predict this number could reach 50 soon. The market expansion beyond Bitcoin ETFs includes low-cost currencies like $TRUMP and $BONK.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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