In the dusty corners of Wall Street, where the whimsical dances with the serious, REX Shares has cooked up quite the potluck. They’ve tossed their hat into the ETF ring with filings for the TRUMP and Dogecoin ETFs. 🎩🐕
Timing is everything, they say, and these filings arrived at the SEC’s doorstep just a day after the departure of the stern Gary Gensler. Coincidence? 🤔
But wait, there’s more! REX Shares, in cahoots with Osprey, is also hot on the trail of crypto funds linked to Bitcoin, Ethereum, XRP, Bonk, and Solana. A regular crypto circus, this is. 🎪
Eric Balchunas, the ETF whisperer at Bloomberg, called the whole shebang “surreal.” And who wouldn’t, when the prospectus talks of dedicating at least 80% of assets to meme coins and the like? 🌟
The TRUMP ETF, a veritable meme market marvel, plans to track the coin’s price. Will it be a direct dive into TRUMP or a more circuitous route via the REX-Osprey TRUMP Subsidiary? Only time will tell. ⏳
Under Gensler’s reign, the SEC gave the nod to Bitcoin and Ethereum ETFs, and they soared like eagles. Now, with TRUMP and Dogecoin in the mix, who knows what flights of fancy await? 🦅
It’s a veritable stampede with asset managers and ETP issuers vying for XRP, Solana, and Litecoin ETFs. And the TRUMP ETF filing? Just a hop, skip, and a jump after the coin’s launch by none other than the Donald himself. 🚀
The TRUMP token once scaled the peaks of a $15 billion market cap and $75 price tag. But, like all good things, it’s come back down to earth, currently hovering at $38 and a $7.7 billion market cap. Such is the fickle nature of memes and markets. 📉
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2025-01-21 19:20