Meme Coins and Altcoin Updates

REX Shares File For XRP, SOL, DOGE, BONK ETFs

In a recent development, asset manager REX Shares has applied for a flurry of crypto-related exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). The filing included applications for ETFs that will offer XRP, SOL, DOGE, and BONK to institutional investors.

REX Shares Files For XRP, SOL, DOGE, BONK ETFs

In an X post, Bloomberg analyst Eric Balchunas revealed that REX Shares had filed for XRP, SOL, DOGE, and BONK ETFs with the US SEC. The asset manager filed these applications in collaboration with Osprey.

The asset manager also filed with the SEC to offer Bitcoin and Ethereum ETFs. Interestingly, the filing also contained an application to offer an ETF that will offer the newly launched TRUMP meme coin to institutional investors.

These filings come just after Donald Trump took office and Gary Gensler resigned as the SEC Chair, with Commissioner Mark Uyeda designated as the acting Chair.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



2025-01-21 15:14:45

#REX #Shares #File #XRP #SOL #DOGE #BONK #ETFs

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