TRUMP, BONK and DOGE proposed for ETF

A series of applications have been filed with the US Securities and Exchange Commission for the use of BTC, ETH, SOL, and meme assets DOGE, BONK, and TRUMP.

TRUMP, BONK and DOGE proposed for ETF

A new prospectus has been filed with the U.S. Securities and Exchange Commission (SEC) that lists a new set of coins and tokens. The issuer has even included the recently issued Official Trump (TRUMP), in addition to other meme tokens.


The offerings, filed as Rex-Osprey, include a selection of traditional assets BTC, ETH, and SOL. The filing expands the funds to also include the meme coin DOGE. Another ETF has been proposed for BONK, one of Solana’s leading memes, and finally, an ETF for the day-old asset TRUMP. The proposed TRUMP ETF will be launched through its own subsidiary, registered as a business entity in the Cayman Islands, REX-Osprey TM TRUMP (Cayman).


The prospectus is just the first step in the process, as final SEC approval could take years. However, the move has drawn renewed attention as TRUMP has seen its first dip since the initial hype. The ETF filing comes on the first business day after the long weekend in the US, continuing a recent trend of new ETF offerings or secondary filings.


ProShares recently filed for products based on XRP spot and derivatives trading, while VanEck filed for an Onchain Economy ETF.


The TRUMP ETF was proposed among older, more liquid assets, despite warnings that the TRUMP meme token was a token of support rather than an investment opportunity. However, TRUMP has proven to be a more successful asset compared to World Liberty Financial (WLFI) due to immediate trading opportunities.


With the recent ETF filing, TRUMP is now the only crypto asset that can accelerate the process from a decentralized launch to a Coinbase listing and potential ETF.


Not only was TRUMP selected just days after its launch, but the issuer also chose a shorter-term SEC filing. The risky type of filing is done under the Investment Company Act of 1940, which can result in a launch as soon as 75 days after the filing. The extremely short launch period has raised some skepticism about the new fund’s chances and potential investment value.




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