- REX Shares has proposed cryptocurrency ETFs including TRUMP memecoin showing institutional demand for diverse crypto assets.
- Changes in SEC leadership signal a friendlier environment for altcoins and memecoins with supportive regulations ahead.
- TRUMP memecoin ETF tracks price movements using direct token purchases swaps and derivatives for market growth focus.
REX Shares has filed with the U.S. Securities and Exchange Commission to launch multiple cryptocurrency exchange-traded funds (ETFs). The proposal includes ETFs for XRP, Solana, Dogecoin, BONK, and the TRUMP memecoin. The TRUMP memecoin recently launched days before the administration of U.S. President Donald Trump.
This move follows the resignation of Gary Gensler as SEC Chair. Acting SEC Chairman Mark Uyeda has shown stronger support for cryptocurrency-related initiatives. Trump’s administration has signaled a supportive stance toward crypto, further emphasizing its commitment to advancing regulations for the industry.
Innovative Structure for TRUMP Memecoin ETF
The TRUMP ETF aims to track price movements of the memecoin. REX Shares manages investments for this fund through direct token purchases, swaps, and derivatives.
To minimize tax complications, the proposal uses a Cayman Islands subsidiary. This structure aligns with methods seen in commodity ETFs. The setup mirrors crypto futures ETFs filed under the Investment Company Act of 1940.
Broader Implications for Cryptocurrency ETFs
This filing reflects growing institutional demand for diverse crypto assets, including mainstream tokens and memecoins. Under Gensler, the SEC approved Bitcoin and Ethereum ETFs but denied similar applications for other cryptocurrencies. However, changes in leadership and policies signal a friendlier environment for altcoins and memecoins.
REX Shares is a pioneer in cryptocurrency ETFs, having first developed funds for Bitcoin and Ethereum. With this filing, the company expands its portfolio to include popular tokens like DOGE and BONK. The inclusion of TRUMP in the filings marks a notable shift in how memecoins are perceived in institutional finance.
Positive Outlook for the ETF Market
The Trump administration’s crypto-friendly stance and Uyeda’s leadership could transform the ETF market. Eased restrictions are expected to boost the approval of innovative crypto products. Institutions are increasingly pushing for broader crypto adoption, leveraging ETFs to bring these assets to a wider audience.
