A surge of ETF filings, including for meme coins Dogecoin, Bonk, and Official Trump, has followed the departure of Gary Gensler as Chair of the Securities and Exchange Commission (SEC).
The influx in crypto ETF filings follows pro-crypto US President Donald Trump’s inauguration on Jan. 20 and his appointment of Commissioner Mark Uyeda as acting SEC Chair.
REX Shares And Osprey Submit Several Crypto ETF Applications
Among the crypto ETF filings seen since Gensler stepped down on Jan. 20 are applications submitted from asset managers REX Shares and Osprey. The firms are looking to launch investment products for prominent cryptos such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP, as well as for meme coins DOGE, BONK and TRUMP.
If approved, the TRUMP ETF will be the first investment product of its kind to give investors exposure to the President’s new token.
BTC And ETH ETF Providers Look To Expand Their Offering
In addition to the filing from REX Shares and Osprey, there have also been multiple other ETF filings submitted from other reputable investment firms. Bloomberg ETF analyst James Seyffart shared a full list of all the crypto ETF filings that he is aware of in a Jan. 21 X post .
The filings include submissions by Hashdex, Franklin, Grayscale, Bitwise, VanEck, 21Shares and others. Many of these firms launched similar investment products for BTC and ETH last year.
Meme Index Will Offer Investors Diversified Meme Coin Investing
While asset managers rush to file their own ETFs for a wide array of cryptos, investors who want to gain diversified exposure to meme coins might also want to take a look at Meme Index (MEMEX) .
Currently in the presale stage, the project’s native token allows investors to buy into four investment baskets that have different risk-reward profiles.
Each of Meme Index’s meme coin baskets includes multiple tokens, and are adjusted regularly through governance votes that any MEMEX holder can participate in. The project essentially allows MEMEX investors to buy into multiple meme coins through one token no matter what their risk appetite is.
Related Articles:
- Donald Trump Pardons Silk Road Creator Ross Ulbricht
- Vivek Ramaswamy Parts Ways With Elon Musk At DOGE
- Solana-Based Tokens Surge Triggers Congestion Issues
