tl;dr
REX Shares has filed for several crypto exchange traded funds (ETFs), including the first funds for the TRUMP meme coin, BONK, and Dogecoin. The filing also seeks to create funds for Bitcoin, Ethereum, Solana, and XRP. The Miami-based firm offers a range of exchange traded products, including crypto...
REX Shares is making waves with its recent filings for a variety of crypto exchange traded funds (ETFs). These filings include the first funds for the TRUMP meme coin, BONK, and Dogecoin, as well as offerings for Bitcoin, Ethereum, Solana, and XRP.
The Miami-based firm, REX, is no newcomer to the exchange traded products scene, also providing crypto services through Osprey Funds and boasting over $8 billion in assets under management.
REX's Tuesday filings represent its inaugural foray into meme coin ETFs, potentially paving the way for the first meme coin ETFs in the U.S. This development comes on the heels of Gary Gensler's departure from the SEC and the interim stewardship of the pro-crypto figure Mark Uyeda.
The crypto industry's optimism for ETF approvals has been on the rise, notably with the burgeoning interest in Solana and XRP ETFs. The recent inauguration of Donald Trump as the 47th President of the United States seems to have further bolstered these hopes for ETF greenlights.
Looking ahead, the new administration's tenure could offer much-needed clarity and progress for financial instruments, potentially fostering increased engagement with on-chain assets by traditional investment firms. It's a pivotal moment to seize the opportunities presented by this evolving landscape.