Trump-Era Crypto Boom Sparks Launch of Meme Coin ETF Fillings
22.01.2025 9:00 2 min. read Alexander Stefanov
Donald Trump’s election in November 2024 triggered a cryptocurrency bull run, fueled by his reputation as a pro-crypto leader.
His campaign promises, including the establishment of a strategic Bitcoin reserve for the U.S. and the launch of his own meme coin on January 17, added to the optimism. However, Trump’s inaugural address and initial executive orders made no mention of cryptocurrency, leaving investors guessing about his specific policies. Despite this, market enthusiasm has remained strong, with both retail and institutional players driving the rally.
Institutional interest, often more conservative, has shown surprising alignment with the ongoing excitement. A recent Securities and Exchange Commission (SEC) filing on January 21 revealed plans by REX Shares and Osprey Funds to launch seven new cryptocurrency exchange-traded funds (ETFs). Among these, two ETFs stand out as unprecedented in the market: ones based on Dogecoin (DOGE) and Trump’s meme coin (TRUMP).
In addition to the meme coin ETFs, the filing outlined plans for Bitcoin, Ethereum (ETH), Solana (SOL), and XRP ETFs. According to analyst James Seyffart, these funds will be filed under the 1940 Act, similar to crypto futures ETFs. This structure allows the ETFs to include a mix of derivatives and direct asset holdings, managed through a Cayman Islands-based subsidiary.
While the introduction of meme coin ETFs is a first for the market, questions remain about how these funds will manage the extreme volatility associated with meme-based assets. Large-cap cryptocurrency ETFs have historically attracted significant inflows, but whether these new offerings can capture similar interest—or fit within the risk tolerance of most investors—remains to be seen.
-
1
Ripple Outlines Key Steps for Stablecoin Widespread Adoption
05.03.2025 9:00 2 min. read -
2
Hacker Group Claims Responsibility for X Outage
12.03.2025 22:00 1 min. read -
3
Sony Partners with LINE to Expand Web3 Gaming Ecosystem
13.03.2025 11:00 1 min. read -
4
Rising Uncertainty Fuels Gold Demand as Investors Hedge Against Dollar Weakness
18.03.2025 13:00 1 min. read -
5
Developer Brings Tornado Cash Protocol to New Blockchain for Private Transactions
23.03.2025 21:00 1 min. read
Are Crypto Exchanges Stuck in a Never-Ending Memecoin Cycle?
Cryptocurrency exchanges that introduce altcoins may find themselves trapped in an endless cycle of listing speculative tokens, particularly memecoins, warns Alex Leishman, CEO of River Financial.
Yotta Technologies Sues Big U.S. Bank Over Mishandled Funds and Customer Losses
A major U.S. bank is facing legal action for allegedly mishandling customer funds, which led to a financial crisis that left 85,000 individuals unable to access their savings.
Crypto Trading Volumes Drop as Market Awaits Regulatory Clarity
Since the post-election surge, daily trading volumes have dropped significantly, now averaging around $35 billion, which is comparable to levels seen before Donald Trump’s presidential win.
FTX to Begin Repaying Creditors in May, But Returns Fall Short of Current Crypto Values
FTX is poised to begin reimbursing claims over $50,000 starting May 30, nearly 27 months after its spectacular collapse in November 2022, marking a significant milestone in its contentious bankruptcy process.
-
1
Ripple Outlines Key Steps for Stablecoin Widespread Adoption
05.03.2025 9:00 2 min. read -
2
Hacker Group Claims Responsibility for X Outage
12.03.2025 22:00 1 min. read -
3
Sony Partners with LINE to Expand Web3 Gaming Ecosystem
13.03.2025 11:00 1 min. read -
4
Rising Uncertainty Fuels Gold Demand as Investors Hedge Against Dollar Weakness
18.03.2025 13:00 1 min. read -
5
Developer Brings Tornado Cash Protocol to New Blockchain for Private Transactions
23.03.2025 21:00 1 min. read
