Wall Street could soon get a dose of crypto chaos, as the first-ever exchange-traded funds ( ETFs ) for Dogecoin ( DOGE ) and the newly minted Official Trump ( TRUMP ) meme coin may debut as early as April, according to analysts.
Bloomberg senior ETF analyst Eric Balchunas flagged the accelerated timeline after fellow analyst James Seyffart revealed Miami-based REX Shares ’ ETF filings on Tuesday.
REX Shares has filed proposals for DOGE and TRUMP ETFs, alongside Bonk ( BONK), Bitcoin ( BTC ), Ethereum ( ETH), Solana ( SOL), and XRP (XRP ).
If they’re greenlit, these ETFs was bridge image coins and conventional banking by giving investors exposure to internet-born social icons through standard brokerage accounts.
Good point on the Doge/Trump ETF filing, these are ’40 Act filings and so ( theoretically, if they aren’t disapproved ) could hit the market in early April ( 75 days after filing ) and beat the XRP, Solana, Litecoin ETFs out bc those have to file 19b-4s which have a 240-day clock. … https ://t. co/t5ftWo9ZKR
— Eric Balchunas ( @EricBalchunas ) January 21, 2025
“These are ’40 Act filings and so ( theoretically, if they aren’t disapproved ) could hit the market in early April… ” Balchunas wrote on X.
He was referring to the 1940 Act, which governs money combining resources and compounds. Papers submitted under the Act likewise enjoy a refined 75-day evaluation process.
By embracing this process, Expand and TRUMP ETFs may skip different filings—like XRP and Solana ETFs—which require a troublesome 240-day timeline under 19b-4 filing rules.
“The crypto industry lives on the principles of technology and social impact, ” Saravanan Pandian, CEO of KoinBX, told . “Dogecoin, with its ever-growing implementation, and the development of meme-driven fiscal instruments, reflect a change in how the new technology engages with investments. ”
Pandian sees great potential in the image gold ETFs, “ I agree that a Dogecoin ETF may arrive earlier than expected if the regulation scenery aligns, and we could see these trends formalized as early as April, sparking fresh opportunities in the online asset space. ”
Dogecoin, after a tongue-in-cheek development from 2013, has grown into a worldwide bitcoin heavyweight, driven by solid liquidity and social clout.
Endorsed by figures such as Tesla CEO and the Department of Government Efficiency ( DOGE ) head Elon Musk, the coin has consistently dominated meme coin trading volumes.
As with TRUMP, the image gold inspired by the sitting U. S. President Donald Trump, has rapidly climbed the divisions, now trading at$ 43. 24—up 21. 1 % in the last 24 hours, according to Coingecko information.
Litecoin has also seen renewed interest following Coral Capital’s article to its S-1 register with the SEC earlier this month.
Balchunas and Seyffart noted that these improvements, usually indicative of regulatory relationship, suggest speed toward acceptance.
Regulatory Shifts Bring Optimism for Meme Coin ETFs
The U. S. Securities and Exchange Commission ( SEC ) is undergoing significant leadership changes, with pro-crypto Acting Chair Mark Uyeda stepping in following Gary Gensler’s resignation.
Uyeda’s entry has sparked trust across the crypto market for a more positive approach toward modern crypto products, including the suggested meme coin ETFs.
The inclusion of TRUMP meme coin in these filings presents a unique challenge for the regulatory agency as it raises questions about how the SEC will handle a product tied to the President’s meme coin.
” While Trump memecoin saw a brief dip in prices yesterday, I am positive the Trump ETF will happen soon, owing to his position as the President of the United States of America, ” Pandian stated.
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