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REX Shares and Osprey Funds have requested the U.S. Securities and Change Fee (SEC) to approve exchange-traded funds (ETFs) primarily based on three digital property: the brand new TRUMP coin, Dogecoin (DOGE), and Bonk Inu (BONK). These ETFs would give traders a solution to put money into these cryptocurrencies by way of a extra conventional funding product.
The Submitting Particulars
REX Shares and Osprey Funds have filed with the SEC to launch 7 new ETFs, together with ones linked to TRUMP, DOGE, and BONK. These funds would enable traders to put money into these digital property by holding a mixture of cryptocurrencies and safer cash-like investments.
The funds can be managed by way of a subsidiary known as the REX-Osprey™ TRUMP (Cayman) Portfolio S.P., primarily based within the Cayman Islands. This setup helps meet the principles wanted to create an everyday funding product linked to cryptocurrencies.
The subsidiary will hold not more than 25% of the full cash in cryptocurrency. The remainder, 75%, can be invested in safer choices like U.S. authorities bonds, cash market funds, and different protected money investments. This setup helps cut back the chance of the funds whereas nonetheless giving traders an opportunity to profit from the expansion of digital currencies.
The $TRUMP Coin
Probably the most talked-about digital property on this submitting is the $TRUMP coin. Launched on January 18, 2025, this new cryptocurrency has been gaining consideration as a result of its reference to President Donald Trump. The $TRUMP coin was launched to capitalize on Trump’s massive fanbase and help from the conservative facet of the U.S. political spectrum.
Upon its launch, the $TRUMP coin noticed dramatic worth fluctuations. On the very first day of buying and selling, the coin’s worth soared from roughly $1 to as excessive as $74 earlier than settling at round $40 by January 22. With this worth, the $TRUMP coin achieved a market capitalization of roughly $10 billion. This unbelievable progress in such a short while exhibits the sturdy market curiosity surrounding this token, regardless of its volatility.
Learn Extra: 1 in 7 People Have Purchased Trump Memecoin.
Dogecoin (DOGE) and Bonk Inu (BONK)
Dogecoin, also known as the “meme coin”, has been round since 2013. Initially created as a joke, Dogecoin has grown to turn into probably the most well-liked and widely known cryptocurrencies. It gained vital consideration lately as a result of endorsements from high-profile figures like Elon Musk.
Bonk Inu (BONK) is a comparatively new token, but it surely has gained recognition within the cryptocurrency neighborhood. BONK is much like Dogecoin in that it falls beneath the class of “meme cash”, typically used for leisure, social media tendencies, and light-hearted initiatives.
What Are ETFs?
Change-traded funds (ETFs) are monetary merchandise that permit individuals purchase and promote shares of a fund on the inventory market. These funds normally observe the worth of one thing like shares, commodities, or cryptocurrencies. While you put money into an ETF, you aren’t straight proudly owning the asset, however you’ll be able to nonetheless profit from its worth adjustments.
Ultimate Ideas
REX Shares and Osprey Funds have filed to launch ETFs which might be linked to TRUMP, DOGE, and BONK, which is a crucial step for the cryptocurrency market. If the SEC approves these ETFs, they’ll give traders a brand new solution to put money into these well-liked digital property by way of a regulated monetary product.
Though we don’t know but what the SEC will resolve, the rising curiosity in cryptocurrencies and their acceptance in conventional monetary markets counsel that crypto ETFs may turn into a standard funding possibility sooner or later.
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