These ETFs are designed to provide exposure to a range of digital assets, including established tokens like Solana and Ripple’s XRP, as well as meme coins such as Dogecoin and even the recently launched TRUMP coin. ETFs are currently the rave in the crypto industry due to the success of the Spot Bitcoin ETFs that were launched in the US early last year.
Following their success, Spot Ethereum ETFs also entered the market, paving the way for discussions about spot ETFs for other digital assets, mostly XRP and Solana. Interestingly, the new ETF filings by REX could be seen as an effort to capitalize on the growing interest in diverse crypto assets and to test the SEC’s evolving stance under its new crypto-friendly leadership.
Bloomberg senior ETF analyst Eric Balchunas highlighted the growing interest in this space, noting that the number of crypto ETF filings with the US SEC has now reached 33, essentially doubling since Gary Gensler stepped down as the regulator’s chairman last Friday. What Does A Dogecoin ETF Mean For Dogecoin?
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